December 5, 2025 • 40 mins
https://garykaltbaum.com/
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Speaker 1 (00:01):
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbaumb.
Speaker 2 (00:12):
And welcome once again to Investor's Edge. I'm Gary Kalbaumb,
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen, Happy that you are listening.
It is a Friday, December fifth, twenty twenty five. And
to give you an idea, I'm in New York City.
I woke up to twenty degrees. It's about thirty degrees
right now, and I believe we're getting some snow tonight.
(00:35):
Where I left it's eighty four degrees. Why do I
live in Florida? There's your answer. Unbelievable what a thousand
miles will do. Hey, hope you're having a good day
in advance. Hope you have a good weekend. Serious talk
(00:57):
on everything that affects you do the markets, the economy,
your job, your industry, and anything that's coming out of
the morlocks in Washington, DC on both sides of the aisle.
Because as you know, our motto is they all suck.
(01:19):
How do we know? And we're going to be at
forty trillion of debt in the next six months, brought
to you by both and we are in particular a
pode at this president because they had a wonderful opportunity
to back out a lot of the Biden's Inflation Reduction
(01:41):
Act that Biden admitted does not do anything inflation. I
also want you to recall the last big budget deal
they did. They called it the uh H. I didn't
want to say because I'll throw up are Healthcare Bill
(02:02):
by Obama, the Affordable Care Act. It's laughable at this point.
In case you all don't know whether you're maga, whether
you're independent, whether you're in the middle, whether you're in left,
whether you're extreme left, you're all marks. I'm a mark.
(02:24):
They're all con artists. And the latest con is, oh,
we're going to tackle affordability. You know what I say
to them, do us a favor. Don't be tackling anything.
You all have put us into this position. And in
case you don't know, the affordability problem is centered on
(02:45):
housing for starters brought to you by our government, on
tariffs brought to you by our government, from printed money
brought to you by our government. But they're going to
(03:08):
go fix it. This administration's running two trillion dollar deficit
this year. But they say, oh, we're cutting it. It's
just tiresome. It's the pressing, and unfortunately it's very tough
to fight the machine. They are a machine. Remember the
(03:30):
other part of the con campaign, finance reform. Remember that,
you do remember.
Speaker 3 (03:37):
That, right?
Speaker 2 (03:38):
They said they take money out of politics. Instead, they
open the spigots where billion and a half bucks Kamala
Harris got to lose billion and a half and the
war chest on both sides, huge unlimited amount of funds.
(04:01):
We've been conned and we're the marks. And I must
tell you I love everybody. I do. I want the
best for everybody. But I have to tell you I
the lack of a better word, disheartened when I see
(04:23):
somebody so in love with this side and the other
so in love with that side, when both couldn't give
a crap about us. The left subsidies, subsidies, They told
us it was the Affordable Care Act. Why do you
need subsidies? The right. Tariffs are paid by China, right,
(04:50):
and now they're cutting the tariffs because prices have gone up.
Oh but they say prices didn't. It's just an insane
asylum and we're the marks, and I wish one day
and I don't think it's ever gonna happen. Everyone wakes
up and has what we call the middle honest party,
(05:18):
the one that champions an efficient, fair, effective government, that
doesn't run debton deficits, that doesn't lie, thieve steel is
not corrupt. Do you know a certain son of a
certain president just created a company in the last six months,
(05:44):
a startup and got a six hundred million dollar contract
with our DOJ Nothing to see here, No, everything's great.
(06:05):
I rest my case, that's all. And just remember we're
your best friend. The people in the tank, I'm not
gonna call them enemies. Let's just call them not your friends.
Why doesn't matter what their side does. Everything's great, They're perfect.
(06:30):
It can be the worst in the world. Everything's fine.
Some of the defense I've seen of both sides of
the eye on the last year nauseating, absolutely nauseating. So
we'll keep our fingers crossed that we all wake up
every morning, try to do better for ourselves and our families,
(06:54):
work hard, learn, educate, lead, produce, And that's all. By
the way, why do I sound frustrated? Because you want
to have hope. You want to have a little bit
of hope. And again, don't get me wrong. We have
(07:17):
highlighted the border being shut. We love that, we highlighted,
we like deporting bad people. We love that. We don't
love anything of what they're doing right now. And do
you know why they're gonna lose the election next November
because of it? They're going to lose the election because
(07:38):
of it. When you see a seventy five year old
man picked up in handcuffs that has been here the
seventy years since they're five years old, and deported to
a country that he's never been in, I don't care
(07:59):
what you think. You're going to lose votes. Optics matter,
and they don't seem to care. And of course, all
of a sudden, it's cool to blow up boats. It's
(08:22):
cool now to blow up boats of people that may
or may not be that we have to take their
word for it. Okay, sure, everything's cool now.
Speaker 3 (08:42):
To pardon.
Speaker 2 (08:45):
A man who trafficked in four hundred tons of cocaine, no,
no problem. White collar criminals that now don't have to
pay restitution to people that lost millions, no problem. Everything's good.
It's my guy. Biden pardons his family no problem, he's
(09:09):
my guy. We move on. So, by the way, this
is Investor's Edge, serious talk on everything that affects you.
We will do the markets, the economy, jobs, unemployment, taxes, depths,
a spending scamsham's corruption, you name it, will cover it.
If you don't get this radio show in your city,
we'll post it at gary k dot com, also on
our x feed and if you don't follow us the
(09:30):
next you should. We'll also post it on the YouTube
channel abiss TV. And if you'd like to email me,
just be nice and ladies and gentlemen. I've gotten a
lot of emails in the last week on bitcoin. Interesting
because when it was going up, I wasn't getting emails.
Now that it's going down, I'm getting a lot of emails.
(09:55):
And let me explain why. It's co called the web
being caught in the web. And what we're going to
do in the show today is we're gonna do a
little market. We're gonna cover crypto. What you're not being told.
(10:19):
I'm gonna give you a doser reality, but also tell
you we're not telling you what to do. We're not
telling you to buy sell short cover. That'll be up.
Speaker 4 (10:33):
Next and this is the one only Investor's Edge.
Speaker 2 (10:57):
Hi. I'm Gary Kolbaum, hosted a nationally syndicated radio show,
Investor's Edge. We're not just handsome radio people. We manage
investors' money for a living, specializing in fee based discretionary
money management. No big commissions, just a fee on the
assets that's managed. We also provide a full range of
(11:19):
personalized services, including retirement planning, fixed income, and educational needs,
all to assist you in achieving your financial goals. Understanding
not all individuals have the same needs, will carefully evaluate
your personal goals to determine a proper investment strategy. If
your current approach to investing is not getting you to
where you would like to be, call us to make
(11:41):
an appointment for a complementary portfolio review. The number to
call is eight eight eight four two two five five
five nine. That's eight eight eight four two two five
to five five nine. That's eight eight eight four two
two five to five, five to nine. Investment advisory services
offer through Call Capital Management. It's time to switch on
(12:07):
the integrator units and to get the brain cells working.
Speaker 5 (12:09):
You're listening to okay, it could be fun.
Speaker 2 (12:14):
Investors Edge the last bastion of quality programming.
Speaker 5 (12:18):
With Gary called Bomb. It doesn't get better than this, all.
Speaker 2 (12:27):
Right, okay oki dokie. So, by the way, I had
Dremier Gibbs last night in my fantasy league, and the
(12:49):
kicker for Dallas. I played against the quarterback of Dallas
as well as Ceedee Lamb. My kicker almost had more
points than the quarterback, and unfortunately Ceedee Lamb went down
with a concussion. Man oh man, I hope he gets well.
And I also had the tight end for Dallas, who
(13:10):
had five catches and also got a point on a
two pointer. I had a very good night in fantasy.
And you know what else, I was told by my
buddy that everybody was betting Dallas. So you know what
I did. Blindly, I bet Detroit, and of course I covered.
Remember in gambling, when the masses go one way, go
the other way blindly. Maybe you'll lose some, but you'll
(13:32):
win most of the time, because gamblers lose all right.
So the day was up one hundred, NASDAK up seventy three,
Nasdaq one hundred up one. Advance declines were actually negative
on the Nasdaq, flat on the New York You had
a decent day in semiconductors. You had a decent day
in the electronics contractors. Things like that, Reddit's acting better.
(13:57):
Ulta Salon was up sixty five bucks on their earnings. Wow,
I'm gonna look those over on the weekend. The dollar
stores are really strong. Some other retail pretty darn strong weakness.
I will tell you a lot of topping out of
the very touted biotech and medicals.
Speaker 3 (14:18):
Mixed bad.
Speaker 2 (14:19):
But where a stone's throw away from the highs, stone
strow away from the highs. Not gonna see me complain.
Good action in the banks pretty dark. Goldman up another
sixteen for starters Salesforce dot Com that a good reaction
to earning has been a brutal bear market up another
(14:41):
thirteen very good. And even Adobe, which is in a
middle brutal bear market that looks like it may have bottomed.
So maybe a couple of big software stocks bottoming. But
what I really want to do today is bitcoin and crypto.
So I don't want to go too far back, because
you know, I just read somebody who bought fifteen thousand
(15:02):
worth of bitcoin just sold for a billion dollars. That's
how far it's come. I mean, it started like a nothing,
And we're not here to pooh pooh that. I think
that's fantastic.
Speaker 5 (15:15):
I'm jealous.
Speaker 2 (15:22):
But what we're here to tell you. I watched somebody
on TV that they talk about the fundamentals of bitcoin
and then couldn't explain the fundamentals of bitcoin. I'm here
to tell you that the lands bear market when we
had a thirty percent drop in the Nasdaq bitcoin drop
(15:44):
from sixty four thousand and change to sixteen thousand and change.
Speaker 3 (15:50):
I believe that's.
Speaker 2 (15:51):
Seventy five percent. I'm here to tell you when that
was going on, there were no big investment banks wanting it.
I didn't hear any did you did you hear any
of them adopting it? Did you hear any of them
coming out with ETFs for it? Did you hear any
(16:15):
of them talk about the acceptance of it? I didn't.
In fact, most of them said it was crap. And
I'm using the nice word to describe crap. They used
the other word. Fast forward, bottomed out, rallied up one
(16:37):
hundred and twenty four thousand. Recently, you know what's happened
in the last year adoption the same heads of these
big investment banks, these big wall Street places that told
you was crap. Hey, we just came out with a crypto,
(17:00):
so and so come invest with us. What you all
need to know price moves Wall Street. What you need
to know. Wall Street doesn't give a crap about you.
(17:23):
Wall Street is often a bookie. When they put out
a bitcoin ETF they make money no matter what well done.
But we're here to tell you just letting you know.
What if two or three years from now bitcoin thee thousand.
(17:48):
What what if it goes from one hundred and twenty
four thousand down to one thousand? Anybody think of that? Oh,
let's not be that crazy. What if it goes from
one hundred and twenty four thousand down to thirty thousand?
(18:11):
Do you not think it could? Because here's what I
have to ask, and I would ask it to the
head of JP Morgan, Blackrock, Blackstone, all of them. What
is your value on bitcoin? Give me a value. I
(18:33):
saw somebody on TV talk about fundamentals and value today
and the person interviewing did not ask the simplest questions.
So how do you put a valuation on it? Well,
they can't. All we're telling you is it's just based
on what the next guy's willing to pay and in
(18:55):
what size. What they have ended up happening was is
bitcoin is a finite amount of it, finite not adding
to it, and all the bulls are dependent on is
somebody paying higher price the people that are betting it
goes to a million. Somebody's out there saying thirteen million, Yeah,
(19:18):
go screw yourself.
Speaker 3 (19:21):
What's her face?
Speaker 2 (19:22):
Says one point three million in four years? Yeah, sure,
fifteenfold in four years. Yeah, sure, that's the ticket. What
are they depending on? You're catching my drift. None of
them that are being foisted onto you, Not one of
(19:45):
them are even talking about the chance that the last
bear market took it from sixty four to sixteen. Not
one of them are even thinking about one twenty four
down to thirty by the way that they did they
tell you one twenty four down to eighty five, any
(20:07):
of them, because at one twenty four I heard there's
a famous guy on that certain financial channel calling for
two point fifty at the end of the year, which
is now down to I believe one fifty, which would
be eighty percent in a month, less than a month.
You're catching my drift. Risk management ladies and gentlemen I
(20:36):
don't know if it's going to thirty risk management. We'll
keep touching upon this up next on Investor's Edge.
Speaker 5 (21:11):
You're listening to America is talking small investors Edge.
Speaker 2 (21:16):
He's gotta be the crowd is just on his feet here.
Speaker 5 (21:20):
He said, a boy with Gary called Bob.
Speaker 2 (21:23):
He comes highly recommended.
Speaker 1 (21:24):
You're gonna feel better if you talk to him.
Speaker 2 (21:30):
Okay, so let's continue. And by the way, in no
way are we trying to bust your onions. In every way,
we just want you to think. We just want you
to think. So as you know, I just mentioned bitcoin,
(21:56):
but do you know, somebody as a joke came out
with something called doge coin. I don't know exactly when,
but a bunch of years ago I think it was
twenty twenty. It went from zero to sixty four cents,
(22:22):
a worthless piece of crap, goes from nothing to sixty
four cents, drops back down to six sense. When crypto
started to pick up again, it goes from that back
up to forty six cents, and it was the talk
(22:46):
of the town again. Even though they could just pee
a piece of crap it was made up. It is
now gone from forty two down to fourteen fourteen, twenty
eight forty ohs down sixty six percent. I don't know
(23:07):
if it's going to go back up the forty two.
I don't even know how many there are. I couldn't
care less. All I know is people are buying into
this like it's a thing, and it's a nothing. There's
no sales, no earnings, no product, no service, and this worries.
(23:33):
As I had told you, they came out with thirty
thousand coins that never made it, maybe even more than
thirty thousand coins at this juncture. I believe I mentioned
to you that Dennis Rodman came out with the pot
coin and it's a zero. I believe that Mark Cuban
(23:58):
came out with a coin that went to zero overnight.
And as I am looking at my little list here,
I have Bitcoin is worth one point eight trillion dollars.
I have ethereum three hundred and sixties. I'm just going
down the line for a second. Ethereum three hundred and
(24:22):
sixty six, tether one eighty five, B and B. I
don't even know some of these one thirty one XRP
one twenty two. These are billions Solana one thirty two.
Excuse me seventy four billion, then it drops all the
way down to twenty seven billion doge coin. There's twenty
(24:44):
two billion of people's money in an indimate object. And
then I can run down a list like you wouldn't believe.
There's thirty thousand of them. They tried doing thirty thousand
of them. There are some out there that are worth
(25:06):
just a million bucks, just a million, but they're out there.
We're just worried at the end of the road. And
there's a simple reason for that. There is a crapload
(25:29):
and I mean a crap load, and I mean a
crap load of this stuff. I'm sitting here right now
on my list, number four hundred, I'm not going to
give out the name is has fifty five million dollars
(25:51):
in it. So there's still plenty out there that actually
have a market, no function, just a market. And it
(26:12):
just has me asking, I'm putting myself ten years ahead,
what do you think because I'm now at number nine
hundred that actually has thirteen million dollars in it. By
(26:33):
the way, some of the names of these coins are
just laughable, no function at all, but widely accepted only
because of price and fear and greed, And all I
(26:59):
want each and every one of you is to be aware,
that's all. Just be aware. How many stocks that have
(27:20):
businesses we have seen analysts have birecks on it from
a five hundred bucks down to fifty and then change
thereby to a hold fear and greed. And it'll come
(27:45):
from all the people you trust the most to the
ones you don't. And again, not one time, and we
sing to you up or down. I just feeling right
now with the amount of emails we're getting that a
lot of people own these coins and have bought in
(28:08):
the trees. And now what should I do? That's what
I am getting this show and my thoughts are a
product every now and then of extremes. I measure extremes
by how many.
Speaker 3 (28:30):
Are asking.
Speaker 2 (28:33):
And in contact with me. You know, we say to you,
you're welcome on MicroStrategy. That had to do with the
insanity of what this man is doing, the sheer insanity
(28:54):
of the setup of what this whole company is about.
And we warned you that the leverage will kill the
stock if bitcoin drops, and bitcoin has gone from one
twenty four.
Speaker 3 (29:11):
To the eighties. Yet his.
Speaker 2 (29:18):
If you're just to equate, it has gone from one
twenty four to forty, if not less because of leverage.
The lessons that have not been learned, the simple lessons
of how we almost went into the crapper in eight
because of a bunch of ass clowns who should have
(29:39):
been indicted for fraud that did three and five and
ten to one on mortgage backed securities, that all it
took was a drop in housing prices, where Ben Bernanke,
the head of the FED, who's been hotered upon art
and said, prowsing prices never go down, and we were
supposed to believe him. And do you know after he
(30:03):
destroyed wealth, he was honored as like Man of the
Year because he started printing money and got us the
pony up. Eight hundred billion of our tax dollars given
to the scumbags on Wall Street who caused all of it,
and not one of them lost the job, and most
(30:24):
of them got promoted are now billionaires. All is forgotten. Well,
we don't forget, and we believe in measuring fear and greed,
especially when it goes to the extremes, and I think
greed for a lot of stuff has been getting to extremes.
(30:49):
We've explained it in frothy, no sales, stocks, no sales biotechs, memes,
troop coins, Millennia coins, trump stock, everybody's now a bitcoin
minor SPACs that went down one hundred percent and people
(31:12):
got indicted and then got pardoned by the president. Even
though we are a bunch of crooks, you're hearing us, you're
feeling us. Not one thing we are saying to you
here is opinion. We are stating facts of movements and
(31:33):
markets up next the real world. This is the one
only investor's.
Speaker 5 (31:41):
Edge you're listening to.
Speaker 2 (32:16):
What are you waiting for? This one?
Speaker 5 (32:19):
Not too ready? We can'try called Bob, but.
Speaker 3 (32:51):
Dum oh so fantasy league.
Speaker 2 (33:04):
I have the Baltimore quarterback that has let me down,
Lamar Jackson. But I also Herbert from Chargers, who had
surgery on his left hand, but supposedly he's playing. I
have a choice between the two this week. I don't
know what to do. I'll figure it out tomorrow. But
I really need a good game and I'll be a
(33:25):
lot to win and he'll keep me in first place
going into the last few weeks of our couch potato
Football League, and I really want to win the championship.
This year. No really, Hey, the Dow this week was
up a half percent. The S and P this week
was up three tenths of a percent, The NASDAK this
(33:45):
week was up nine tenths of a percent. The Nasdaq
one hundred was up one percent, the Russell two thousand
point eight percent. You thrilled down one point six seven percent,
and still remains in a bear trend.
Speaker 3 (34:08):
Just letting you know.
Speaker 2 (34:10):
It has not come out of it, though it has
bounced a wee bit, and I will tell you if
it takes out the last two weeks lows, look out.
And that's just the Bitcoin, and it's actually by far
the most liquid of these coins, so we'll keep informed.
(34:31):
But I wanted to talk the real world, you see,
and these are what we call duh duh comments. You see,
if I walked into a home depot this weekend, I
can see if it's busy. I can speak to the
(34:52):
store manager. Hey, how's business compared to last month? What's
selling best, what's not? What's your feelings going forward? I
can go on Zillow or realtor dot com and see
(35:16):
that everybody is lowering prices and houses aren't moving, and
pending houses sales are going by the wayside, I can
get a feel for the business. I can go to
(35:38):
Walmart and see how busy it is. I'm gonna go
visit a Dollar Tree store. Hey, your stock is doing
much better. What's going on? Well, as you know, the
CEO just came out and said, we're even getting wealthy
people coming in and spending. Well, how do you know
(35:58):
they're wealthy? Well, guess them. And we also look at
the cars that come into the lots. Not hard to
figure out. Interesting, it's called meat, m e at What
else can we do? Hmmm, Well, we can go to
(36:23):
the doctor. If we had to go to the doctor
and asked, hey, you have a feel for what's going
on with these weight loss drugs? Oh yeah, this selling
like there's no tomorrow. Really, and who's is selling best? Oh? Okay, meat, Interesting,
(36:49):
you're catching my drift a little bit. Or I can
get on a flight to New York last night and
told that on a that I believe they can get
one ninety only one twenty. And I can ask the
stewards how's it going in the last week? Is it
(37:16):
sixty percent full all week? What about going back to Florida?
Speaker 3 (37:22):
Huh? Okay?
Speaker 2 (37:26):
Or in New York City. I'll go to Del Frisco's
on six day up in you. Hey, what's happening. It's
heading to the holidays, you're busy or you're not meat,
Just letting you know. I've never understood the no salespeople
(37:51):
because they buy it because the stocks are moving terrific.
But when you have so much meat out there, I
don't get buying a no sales nuclear stock with a
twenty five billion dollar market cap and then end up wondering,
oh why am I down fifty percent? No meat? Maybe
(38:17):
one day we'll have meat, but in real time it doesn't.
I told you at the outset this would be a
lot of duh, duh, and it is.
Speaker 3 (38:31):
It's duh.
Speaker 2 (38:34):
But you know what, there is a ton of froth
speculation just because something is moving and I get it.
Want to get on that train. Maybe it's going to
be the big one. I get it. Word to the wise,
(38:56):
keep stops in place, never lose bait, and know your company,
know your product, know what you're dealing with, and think
about meat. Remember our Kmart Walmart target example. We nailed
(39:19):
Kmart for every one of you before hell broke loose,
just by visiting two Kmarts in our vicinity that were
left and went into dilapidation in front of our eyes. Dirty,
(39:40):
no service, shelves empty, no help. While you walk into Walmart,
the greeter I think they still have the greeters, shelves full,
lots of people. Kmart empty again, the meat that all said.
(40:06):
You'll have a great weekend and drive carefully, hopefully we're helping.
And when you get home, do like we do. Quite simple.
Make sure you how your family, make sure how your children.
They will feel better, you will feel better. I promise
they will be well always. Thanks for listening, Peace out, all,
good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Caultbom on biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's garykay dot com.
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbaumb.
Speaker 2 (00:12):
And welcome once again to Investor's Edge. I'm Gary Kalbaumb,
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen, Happy that you are listening.
It is a Friday, December fifth, twenty twenty five. And
to give you an idea, I'm in New York City.
I woke up to twenty degrees. It's about thirty degrees
right now, and I believe we're getting some snow tonight.
(00:35):
Where I left it's eighty four degrees. Why do I
live in Florida? There's your answer. Unbelievable what a thousand
miles will do. Hey, hope you're having a good day
in advance. Hope you have a good weekend. Serious talk
(00:57):
on everything that affects you do the markets, the economy,
your job, your industry, and anything that's coming out of
the morlocks in Washington, DC on both sides of the aisle.
Because as you know, our motto is they all suck.
(01:19):
How do we know? And we're going to be at
forty trillion of debt in the next six months, brought
to you by both and we are in particular a
pode at this president because they had a wonderful opportunity
to back out a lot of the Biden's Inflation Reduction
(01:41):
Act that Biden admitted does not do anything inflation. I
also want you to recall the last big budget deal
they did. They called it the uh H. I didn't
want to say because I'll throw up are Healthcare Bill
(02:02):
by Obama, the Affordable Care Act. It's laughable at this point.
In case you all don't know whether you're maga, whether
you're independent, whether you're in the middle, whether you're in left,
whether you're extreme left, you're all marks. I'm a mark.
(02:24):
They're all con artists. And the latest con is, oh,
we're going to tackle affordability. You know what I say
to them, do us a favor. Don't be tackling anything.
You all have put us into this position. And in
case you don't know, the affordability problem is centered on
(02:45):
housing for starters brought to you by our government, on
tariffs brought to you by our government, from printed money
brought to you by our government. But they're going to
(03:08):
go fix it. This administration's running two trillion dollar deficit
this year. But they say, oh, we're cutting it. It's
just tiresome. It's the pressing, and unfortunately it's very tough
to fight the machine. They are a machine. Remember the
(03:30):
other part of the con campaign, finance reform. Remember that,
you do remember.
Speaker 3 (03:37):
That, right?
Speaker 2 (03:38):
They said they take money out of politics. Instead, they
open the spigots where billion and a half bucks Kamala
Harris got to lose billion and a half and the
war chest on both sides, huge unlimited amount of funds.
(04:01):
We've been conned and we're the marks. And I must
tell you I love everybody. I do. I want the
best for everybody. But I have to tell you I
the lack of a better word, disheartened when I see
(04:23):
somebody so in love with this side and the other
so in love with that side, when both couldn't give
a crap about us. The left subsidies, subsidies, They told
us it was the Affordable Care Act. Why do you
need subsidies? The right. Tariffs are paid by China, right,
(04:50):
and now they're cutting the tariffs because prices have gone up.
Oh but they say prices didn't. It's just an insane
asylum and we're the marks, and I wish one day
and I don't think it's ever gonna happen. Everyone wakes
up and has what we call the middle honest party,
(05:18):
the one that champions an efficient, fair, effective government, that
doesn't run debton deficits, that doesn't lie, thieve steel is
not corrupt. Do you know a certain son of a
certain president just created a company in the last six months,
(05:44):
a startup and got a six hundred million dollar contract
with our DOJ Nothing to see here, No, everything's great.
(06:05):
I rest my case, that's all. And just remember we're
your best friend. The people in the tank, I'm not
gonna call them enemies. Let's just call them not your friends.
Why doesn't matter what their side does. Everything's great, They're perfect.
(06:30):
It can be the worst in the world. Everything's fine.
Some of the defense I've seen of both sides of
the eye on the last year nauseating, absolutely nauseating. So
we'll keep our fingers crossed that we all wake up
every morning, try to do better for ourselves and our families,
(06:54):
work hard, learn, educate, lead, produce, And that's all. By
the way, why do I sound frustrated? Because you want
to have hope. You want to have a little bit
of hope. And again, don't get me wrong. We have
(07:17):
highlighted the border being shut. We love that, we highlighted,
we like deporting bad people. We love that. We don't
love anything of what they're doing right now. And do
you know why they're gonna lose the election next November
because of it? They're going to lose the election because
(07:38):
of it. When you see a seventy five year old
man picked up in handcuffs that has been here the
seventy years since they're five years old, and deported to
a country that he's never been in, I don't care
(07:59):
what you think. You're going to lose votes. Optics matter,
and they don't seem to care. And of course, all
of a sudden, it's cool to blow up boats. It's
(08:22):
cool now to blow up boats of people that may
or may not be that we have to take their
word for it. Okay, sure, everything's cool now.
Speaker 3 (08:42):
To pardon.
Speaker 2 (08:45):
A man who trafficked in four hundred tons of cocaine, no,
no problem. White collar criminals that now don't have to
pay restitution to people that lost millions, no problem. Everything's good.
It's my guy. Biden pardons his family no problem, he's
(09:09):
my guy. We move on. So, by the way, this
is Investor's Edge, serious talk on everything that affects you.
We will do the markets, the economy, jobs, unemployment, taxes, depths,
a spending scamsham's corruption, you name it, will cover it.
If you don't get this radio show in your city,
we'll post it at gary k dot com, also on
our x feed and if you don't follow us the
(09:30):
next you should. We'll also post it on the YouTube
channel abiss TV. And if you'd like to email me,
just be nice and ladies and gentlemen. I've gotten a
lot of emails in the last week on bitcoin. Interesting
because when it was going up, I wasn't getting emails.
Now that it's going down, I'm getting a lot of emails.
(09:55):
And let me explain why. It's co called the web
being caught in the web. And what we're going to
do in the show today is we're gonna do a
little market. We're gonna cover crypto. What you're not being told.
(10:19):
I'm gonna give you a doser reality, but also tell
you we're not telling you what to do. We're not
telling you to buy sell short cover. That'll be up.
Speaker 4 (10:33):
Next and this is the one only Investor's Edge.
Speaker 2 (10:57):
Hi. I'm Gary Kolbaum, hosted a nationally syndicated radio show,
Investor's Edge. We're not just handsome radio people. We manage
investors' money for a living, specializing in fee based discretionary
money management. No big commissions, just a fee on the
assets that's managed. We also provide a full range of
(11:19):
personalized services, including retirement planning, fixed income, and educational needs,
all to assist you in achieving your financial goals. Understanding
not all individuals have the same needs, will carefully evaluate
your personal goals to determine a proper investment strategy. If
your current approach to investing is not getting you to
where you would like to be, call us to make
(11:41):
an appointment for a complementary portfolio review. The number to
call is eight eight eight four two two five five
five nine. That's eight eight eight four two two five
to five five nine. That's eight eight eight four two
two five to five, five to nine. Investment advisory services
offer through Call Capital Management. It's time to switch on
(12:07):
the integrator units and to get the brain cells working.
Speaker 5 (12:09):
You're listening to okay, it could be fun.
Speaker 2 (12:14):
Investors Edge the last bastion of quality programming.
Speaker 5 (12:18):
With Gary called Bomb. It doesn't get better than this, all.
Speaker 2 (12:27):
Right, okay oki dokie. So, by the way, I had
Dremier Gibbs last night in my fantasy league, and the
(12:49):
kicker for Dallas. I played against the quarterback of Dallas
as well as Ceedee Lamb. My kicker almost had more
points than the quarterback, and unfortunately Ceedee Lamb went down
with a concussion. Man oh man, I hope he gets well.
And I also had the tight end for Dallas, who
(13:10):
had five catches and also got a point on a
two pointer. I had a very good night in fantasy.
And you know what else, I was told by my
buddy that everybody was betting Dallas. So you know what
I did. Blindly, I bet Detroit, and of course I covered.
Remember in gambling, when the masses go one way, go
the other way blindly. Maybe you'll lose some, but you'll
(13:32):
win most of the time, because gamblers lose all right.
So the day was up one hundred, NASDAK up seventy three,
Nasdaq one hundred up one. Advance declines were actually negative
on the Nasdaq, flat on the New York You had
a decent day in semiconductors. You had a decent day
in the electronics contractors. Things like that, Reddit's acting better.
(13:57):
Ulta Salon was up sixty five bucks on their earnings. Wow,
I'm gonna look those over on the weekend. The dollar
stores are really strong. Some other retail pretty darn strong weakness.
I will tell you a lot of topping out of
the very touted biotech and medicals.
Speaker 3 (14:18):
Mixed bad.
Speaker 2 (14:19):
But where a stone's throw away from the highs, stone
strow away from the highs. Not gonna see me complain.
Good action in the banks pretty dark. Goldman up another
sixteen for starters Salesforce dot Com that a good reaction
to earning has been a brutal bear market up another
(14:41):
thirteen very good. And even Adobe, which is in a
middle brutal bear market that looks like it may have bottomed.
So maybe a couple of big software stocks bottoming. But
what I really want to do today is bitcoin and crypto.
So I don't want to go too far back, because
you know, I just read somebody who bought fifteen thousand
(15:02):
worth of bitcoin just sold for a billion dollars. That's
how far it's come. I mean, it started like a nothing,
And we're not here to pooh pooh that. I think
that's fantastic.
Speaker 5 (15:15):
I'm jealous.
Speaker 2 (15:22):
But what we're here to tell you. I watched somebody
on TV that they talk about the fundamentals of bitcoin
and then couldn't explain the fundamentals of bitcoin. I'm here
to tell you that the lands bear market when we
had a thirty percent drop in the Nasdaq bitcoin drop
(15:44):
from sixty four thousand and change to sixteen thousand and change.
Speaker 3 (15:50):
I believe that's.
Speaker 2 (15:51):
Seventy five percent. I'm here to tell you when that
was going on, there were no big investment banks wanting it.
I didn't hear any did you did you hear any
of them adopting it? Did you hear any of them
coming out with ETFs for it? Did you hear any
(16:15):
of them talk about the acceptance of it? I didn't.
In fact, most of them said it was crap. And
I'm using the nice word to describe crap. They used
the other word. Fast forward, bottomed out, rallied up one
(16:37):
hundred and twenty four thousand. Recently, you know what's happened
in the last year adoption the same heads of these
big investment banks, these big wall Street places that told
you was crap. Hey, we just came out with a crypto,
(17:00):
so and so come invest with us. What you all
need to know price moves Wall Street. What you need
to know. Wall Street doesn't give a crap about you.
(17:23):
Wall Street is often a bookie. When they put out
a bitcoin ETF they make money no matter what well done.
But we're here to tell you just letting you know.
What if two or three years from now bitcoin thee thousand.
(17:48):
What what if it goes from one hundred and twenty
four thousand down to one thousand? Anybody think of that? Oh,
let's not be that crazy. What if it goes from
one hundred and twenty four thousand down to thirty thousand?
(18:11):
Do you not think it could? Because here's what I
have to ask, and I would ask it to the
head of JP Morgan, Blackrock, Blackstone, all of them. What
is your value on bitcoin? Give me a value. I
(18:33):
saw somebody on TV talk about fundamentals and value today
and the person interviewing did not ask the simplest questions.
So how do you put a valuation on it? Well,
they can't. All we're telling you is it's just based
on what the next guy's willing to pay and in
(18:55):
what size. What they have ended up happening was is
bitcoin is a finite amount of it, finite not adding
to it, and all the bulls are dependent on is
somebody paying higher price the people that are betting it
goes to a million. Somebody's out there saying thirteen million, Yeah,
(19:18):
go screw yourself.
Speaker 3 (19:21):
What's her face?
Speaker 2 (19:22):
Says one point three million in four years? Yeah, sure,
fifteenfold in four years. Yeah, sure, that's the ticket. What
are they depending on? You're catching my drift. None of
them that are being foisted onto you, Not one of
(19:45):
them are even talking about the chance that the last
bear market took it from sixty four to sixteen. Not
one of them are even thinking about one twenty four
down to thirty by the way that they did they
tell you one twenty four down to eighty five, any
(20:07):
of them, because at one twenty four I heard there's
a famous guy on that certain financial channel calling for
two point fifty at the end of the year, which
is now down to I believe one fifty, which would
be eighty percent in a month, less than a month.
You're catching my drift. Risk management ladies and gentlemen I
(20:36):
don't know if it's going to thirty risk management. We'll
keep touching upon this up next on Investor's Edge.
Speaker 5 (21:11):
You're listening to America is talking small investors Edge.
Speaker 2 (21:16):
He's gotta be the crowd is just on his feet here.
Speaker 5 (21:20):
He said, a boy with Gary called Bob.
Speaker 2 (21:23):
He comes highly recommended.
Speaker 1 (21:24):
You're gonna feel better if you talk to him.
Speaker 2 (21:30):
Okay, so let's continue. And by the way, in no
way are we trying to bust your onions. In every way,
we just want you to think. We just want you
to think. So as you know, I just mentioned bitcoin,
(21:56):
but do you know, somebody as a joke came out
with something called doge coin. I don't know exactly when,
but a bunch of years ago I think it was
twenty twenty. It went from zero to sixty four cents,
(22:22):
a worthless piece of crap, goes from nothing to sixty
four cents, drops back down to six sense. When crypto
started to pick up again, it goes from that back
up to forty six cents, and it was the talk
(22:46):
of the town again. Even though they could just pee
a piece of crap it was made up. It is
now gone from forty two down to fourteen fourteen, twenty
eight forty ohs down sixty six percent. I don't know
(23:07):
if it's going to go back up the forty two.
I don't even know how many there are. I couldn't
care less. All I know is people are buying into
this like it's a thing, and it's a nothing. There's
no sales, no earnings, no product, no service, and this worries.
(23:33):
As I had told you, they came out with thirty
thousand coins that never made it, maybe even more than
thirty thousand coins at this juncture. I believe I mentioned
to you that Dennis Rodman came out with the pot
coin and it's a zero. I believe that Mark Cuban
(23:58):
came out with a coin that went to zero overnight.
And as I am looking at my little list here,
I have Bitcoin is worth one point eight trillion dollars.
I have ethereum three hundred and sixties. I'm just going
down the line for a second. Ethereum three hundred and
(24:22):
sixty six, tether one eighty five, B and B. I
don't even know some of these one thirty one XRP
one twenty two. These are billions Solana one thirty two.
Excuse me seventy four billion, then it drops all the
way down to twenty seven billion doge coin. There's twenty
(24:44):
two billion of people's money in an indimate object. And
then I can run down a list like you wouldn't believe.
There's thirty thousand of them. They tried doing thirty thousand
of them. There are some out there that are worth
(25:06):
just a million bucks, just a million, but they're out there.
We're just worried at the end of the road. And
there's a simple reason for that. There is a crapload
(25:29):
and I mean a crap load, and I mean a
crap load of this stuff. I'm sitting here right now
on my list, number four hundred, I'm not going to
give out the name is has fifty five million dollars
(25:51):
in it. So there's still plenty out there that actually
have a market, no function, just a market. And it
(26:12):
just has me asking, I'm putting myself ten years ahead,
what do you think because I'm now at number nine
hundred that actually has thirteen million dollars in it. By
(26:33):
the way, some of the names of these coins are
just laughable, no function at all, but widely accepted only
because of price and fear and greed, And all I
(26:59):
want each and every one of you is to be aware,
that's all. Just be aware. How many stocks that have
(27:20):
businesses we have seen analysts have birecks on it from
a five hundred bucks down to fifty and then change
thereby to a hold fear and greed. And it'll come
(27:45):
from all the people you trust the most to the
ones you don't. And again, not one time, and we
sing to you up or down. I just feeling right
now with the amount of emails we're getting that a
lot of people own these coins and have bought in
(28:08):
the trees. And now what should I do? That's what
I am getting this show and my thoughts are a
product every now and then of extremes. I measure extremes
by how many.
Speaker 3 (28:30):
Are asking.
Speaker 2 (28:33):
And in contact with me. You know, we say to you,
you're welcome on MicroStrategy. That had to do with the
insanity of what this man is doing, the sheer insanity
(28:54):
of the setup of what this whole company is about.
And we warned you that the leverage will kill the
stock if bitcoin drops, and bitcoin has gone from one
twenty four.
Speaker 3 (29:11):
To the eighties. Yet his.
Speaker 2 (29:18):
If you're just to equate, it has gone from one
twenty four to forty, if not less because of leverage.
The lessons that have not been learned, the simple lessons
of how we almost went into the crapper in eight
because of a bunch of ass clowns who should have
(29:39):
been indicted for fraud that did three and five and
ten to one on mortgage backed securities, that all it
took was a drop in housing prices, where Ben Bernanke,
the head of the FED, who's been hotered upon art
and said, prowsing prices never go down, and we were
supposed to believe him. And do you know after he
(30:03):
destroyed wealth, he was honored as like Man of the
Year because he started printing money and got us the
pony up. Eight hundred billion of our tax dollars given
to the scumbags on Wall Street who caused all of it,
and not one of them lost the job, and most
(30:24):
of them got promoted are now billionaires. All is forgotten. Well,
we don't forget, and we believe in measuring fear and greed,
especially when it goes to the extremes, and I think
greed for a lot of stuff has been getting to extremes.
(30:49):
We've explained it in frothy, no sales, stocks, no sales biotechs, memes,
troop coins, Millennia coins, trump stock, everybody's now a bitcoin
minor SPACs that went down one hundred percent and people
(31:12):
got indicted and then got pardoned by the president. Even
though we are a bunch of crooks, you're hearing us, you're
feeling us. Not one thing we are saying to you
here is opinion. We are stating facts of movements and
(31:33):
markets up next the real world. This is the one
only investor's.
Speaker 5 (31:41):
Edge you're listening to.
Speaker 2 (32:16):
What are you waiting for? This one?
Speaker 5 (32:19):
Not too ready? We can'try called Bob, but.
Speaker 3 (32:51):
Dum oh so fantasy league.
Speaker 2 (33:04):
I have the Baltimore quarterback that has let me down,
Lamar Jackson. But I also Herbert from Chargers, who had
surgery on his left hand, but supposedly he's playing. I
have a choice between the two this week. I don't
know what to do. I'll figure it out tomorrow. But
I really need a good game and I'll be a
(33:25):
lot to win and he'll keep me in first place
going into the last few weeks of our couch potato
Football League, and I really want to win the championship.
This year. No really, Hey, the Dow this week was
up a half percent. The S and P this week
was up three tenths of a percent, The NASDAK this
(33:45):
week was up nine tenths of a percent. The Nasdaq
one hundred was up one percent, the Russell two thousand
point eight percent. You thrilled down one point six seven percent,
and still remains in a bear trend.
Speaker 3 (34:08):
Just letting you know.
Speaker 2 (34:10):
It has not come out of it, though it has
bounced a wee bit, and I will tell you if
it takes out the last two weeks lows, look out.
And that's just the Bitcoin, and it's actually by far
the most liquid of these coins, so we'll keep informed.
(34:31):
But I wanted to talk the real world, you see,
and these are what we call duh duh comments. You see,
if I walked into a home depot this weekend, I
can see if it's busy. I can speak to the
(34:52):
store manager. Hey, how's business compared to last month? What's
selling best, what's not? What's your feelings going forward? I
can go on Zillow or realtor dot com and see
(35:16):
that everybody is lowering prices and houses aren't moving, and
pending houses sales are going by the wayside, I can
get a feel for the business. I can go to
(35:38):
Walmart and see how busy it is. I'm gonna go
visit a Dollar Tree store. Hey, your stock is doing
much better. What's going on? Well, as you know, the
CEO just came out and said, we're even getting wealthy
people coming in and spending. Well, how do you know
(35:58):
they're wealthy? Well, guess them. And we also look at
the cars that come into the lots. Not hard to
figure out. Interesting, it's called meat, m e at What
else can we do? Hmmm, Well, we can go to
(36:23):
the doctor. If we had to go to the doctor
and asked, hey, you have a feel for what's going
on with these weight loss drugs? Oh yeah, this selling
like there's no tomorrow. Really, and who's is selling best? Oh? Okay, meat, Interesting,
(36:49):
you're catching my drift a little bit. Or I can
get on a flight to New York last night and
told that on a that I believe they can get
one ninety only one twenty. And I can ask the
stewards how's it going in the last week? Is it
(37:16):
sixty percent full all week? What about going back to Florida?
Speaker 3 (37:22):
Huh? Okay?
Speaker 2 (37:26):
Or in New York City. I'll go to Del Frisco's
on six day up in you. Hey, what's happening. It's
heading to the holidays, you're busy or you're not meat,
Just letting you know. I've never understood the no salespeople
(37:51):
because they buy it because the stocks are moving terrific.
But when you have so much meat out there, I
don't get buying a no sales nuclear stock with a
twenty five billion dollar market cap and then end up wondering,
oh why am I down fifty percent? No meat? Maybe
(38:17):
one day we'll have meat, but in real time it doesn't.
I told you at the outset this would be a
lot of duh, duh, and it is.
Speaker 3 (38:31):
It's duh.
Speaker 2 (38:34):
But you know what, there is a ton of froth
speculation just because something is moving and I get it.
Want to get on that train. Maybe it's going to
be the big one. I get it. Word to the wise,
(38:56):
keep stops in place, never lose bait, and know your company,
know your product, know what you're dealing with, and think
about meat. Remember our Kmart Walmart target example. We nailed
(39:19):
Kmart for every one of you before hell broke loose,
just by visiting two Kmarts in our vicinity that were
left and went into dilapidation in front of our eyes. Dirty,
(39:40):
no service, shelves empty, no help. While you walk into Walmart,
the greeter I think they still have the greeters, shelves full,
lots of people. Kmart empty again, the meat that all said.
(40:06):
You'll have a great weekend and drive carefully, hopefully we're helping.
And when you get home, do like we do. Quite simple.
Make sure you how your family, make sure how your children.
They will feel better, you will feel better. I promise
they will be well always. Thanks for listening, Peace out, all,
good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Caultbom on biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's garykay dot com.
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