December 11, 2025 • 40 mins
https://garykaltbaum.com/
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Speaker 1 (00:01):
Investor's Edge with Gary Kultbomb, straight talk about you and
your money now from the Viz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And look once again to Investor's Edge on Gary Kolbomb
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen. Happy that you are listening.
It's Thursday, It's December eleventh, that's twenty twenty five. Hope
you're having a good day. As always, we got serious
talk on everything that affects you. We'll do the markets,
the economy, your job, your industry, the Central Bank, the president,
(00:37):
and all the nonsense that is being spewed out there.
We'll cover it without any agenda, ulterior motive or bias.
The only thing we care about is you. We're quite
different than most others. Anyway. If you do not get
this radio show in your city, we'll post it at
garyk dot com. We'll also post it on our x feed,
(00:59):
and if you don't follow us on X you should.
If you'd like to email us, just be nice, by
the way. We'll also post it on our podcast apps
and the YouTube channel of this TV. Okay, the main
question I got today, does all this stuff with the
(01:20):
Central bank lowering rates and buying up bonds help the economy.
Didn't ask about the markets the economy. This is the
way I look at it. If the market's sore because
of it, certainly it makes people feel more wealthy and
(01:43):
should help to a certain extent. Does it create any jobs?
Speaker 3 (01:49):
No?
Speaker 2 (01:50):
Does it improve lifestyle? No? That's all. The point in
time where things go really affected is when J. Powell
went insane. And we call it insane, and we'd say
it to his face that he interfered with markets, took
greats to zero, screwed the savers, made the wealthy wealthier,
(02:17):
got you to refinance at three percent. And just remember
that was not free market base. That was one man.
Think about this, one man out of the three hundred
and fifty million people in this country was able to
print a nine trillion. Well, he can't do that anymore.
I take it back. He can do it amazingly. So, yes,
(02:38):
he can do it. And that's the sick thing. So
what happened yesterday, just letting you know, is he lowered
the Fed funds rate a quarter point. Should that rally
the Dow one thousand points in two days? Nah? But
what else did he do? He said, he's buying bonds. Again,
(03:03):
that's huge to the market. In case you don't know,
market's about perception thought and what I call on the
call the pile on factor and perception is when he's
buying bonds, it should force interest rates down, should and
(03:25):
lifts up everything that's a benefactor pretty much anything economically sensitive.
So what you have, let me tell you about today.
Cruise lines been dead, been dead. Royal Caribbean today was
up seven percent, Carnival was up six percent. Did they
(03:53):
make any more money?
Speaker 1 (03:54):
No?
Speaker 2 (03:55):
Did more people know? It's that easier money lends itself
to perception that, oh, things are gonna get better. Hotels
had a strong day. I mentioned cruise lines. Nothing wrong
with the airlines today, economically sensitive stuff. How about something
called WW Granger, you know them tools and lighting. The
(04:19):
stock's been dead dead since yesterday, has gone from nine
We're not making this up nine fifty eight to one
thousand and thirty two. Last I looked, that's seventy four points.
Last I looked, that's like eight percent. The stock has
(04:44):
done nothing since February of twenty four and is way
down from the highs. But it now wakes up to
what extent. We don't know. We're just reporting to you
the news, but that's how things work. United Rentals has
been blasted on wor sending outcome. The stock from yesterday
(05:06):
has gone from seven eighty four to eight thirty four.
What else is on the move the commodities? Well, why
would commodities move, Well, it's pretty simple. If you're going
easier money, you weaken the dollar, our dollar against other currencies,
(05:27):
which means not much if you hear, but if you
decide to travel to Europe, it's going to take more
of our dollar to buy the euro of the pounds.
But what else does it do? A weaker dollar has
(05:48):
commodities going up because they're priced in US dollars. A
weaker dollar means it takes more of them to buy
the amount and makes commodities cheaper for buyers. You're using
stronger currencies. That's why so gold, silver metals and mining
(06:17):
going up. What else goes up? The multi nationals companies
that do a lot of business over there, that are
over here. It makes our goods cheaper for them to buy,
(06:39):
which increases our exports to them, that's all. And it
makes those foign earnings more valuable when converted back to
dollars and basically boost revenues and profits. So you gotta
(06:59):
by bunch of multinationals doing well. The banks. Goldman Sacks, well,
we'll get into the size of a second, but Goldman
Sacks from yesterday went from eight seventy six to nine ten.
(07:20):
Why easier money, more to lend, easier to lend, easier
to make money off of that. That's what these companies
do there. And this is not a pejorative, but they're
great bookies. They're buyers of companies. And if it's easier
to buy companies, the better. So they're lifting also. And
(07:45):
then yet, what if I told you about restaurants and
how weak they've been, they've rallied some why would they
rally some? Markets up? Easier money, that's all. Now, what
happens If yields start going up, then we'll talk. But
yields have done nothing but come down since yesterday. But
(08:08):
more than that, markets love easier money. I remember David Tepper,
the great hedge fund guy, and I didn't understand it
at the time. I didn't understand it at the time.
Upon Ben Bernanki announcing he was gonna print money for
the first time, he went on TV and just buy
(08:29):
the hell out of everything. And I was like, what what?
And if you go back to the video back in
O eight, he said, just buy the hell out of everything.
They are inflating asset prices off of printing of money. Oh,
(08:50):
I understand it. Now, why do you think markets skyrocketed
while we were still in COVID because they started printing
trillions and once we open up, we went eight crap
to the upside. And it's unfortunate because usually the easy
(09:12):
money creates distortions like we're having in the housing market
right now, amongst other things that are going on. But
for now, listen carefully. The Dow new yearly highs broke out.
The S and P has not. The reason why the
S and P is not is because a lot of
(09:34):
technology in there. But it's right there. It's right there.
The NASDAK has not because of the technology. Neither is
the Nasdaq one hundred. The Russell two thousand has broken out,
the MidCap four hundred has broken out. I don't believe
it's an all time high yet, but it's quite close
(09:57):
to the November twenty ninth, two thousand and two, twenty
four week Getting there the XLF, the financials edging out
of range, the KBWB, the Nasdaq Bank index broke out,
the transports broke out to a one year high, not
(10:23):
at the all time highs, yet broke out to one
year high. Do you know what breakouts usually beget? Higher prices?
Nothing guaranteed up next more on all this. This is
the one only Investor's Edge. Hi, I'm Gary Kolbaum, hosted
(11:03):
a nationally syndicated radio show, Investor's Edge. We're not just
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just a fee on the assets that's managed. We also
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(11:26):
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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 an appointment for a complementary portfolio review.
The number to call is eight eight eight four two
(11:46):
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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.
Speaker 3 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 4 (12:09):
You're listening to. Okay, it fun Investors Edge, the last
bastion of quality programming with Gary called Bomb. It doesn't
get better than this.
Speaker 2 (12:27):
So the best thing I can do for you is
to describe and to repeat. The Dow is now broken
out the highs. But I'm gonna stop right there. I
want to make sure you know that if in the Dow,
if Goldman Sachs goes up one percent in the Dow,
(12:54):
if Goldman Sachs goes up one percent, I want you
to think about it carefully. The Dow will go up
about sixty points, and I'm kinda to the nearest number.
If Goldman Sachs goes up one percent, sixty points in
(13:15):
the Dow. If Verizon goes up one percent and it
is in the Dow, it'll move two and a half points.
So Goldman is like twenty two times more important than Verizon.
So it's not hard to figure out that. Geez Verizon
(13:38):
is weak but does not matter. You know what else
is weak? Nike big bear market doesn't matter. Nike is
about fourteen Goldman is about fourteen times more important than Nike.
How about Coke about twelve times more important than Coke?
(14:01):
And those are kind of weak stocks, So in our eyes,
not a matter. But when you have the Dow up
six hundred and forty six today, you have Visa finally
waking out out of a Coma got an upgrade. But
also what are they? Credit cards and easier money that
was up twenty Goldman was up twenty one. That's forty
(14:26):
one points, right. Guess what those two are? Two hundred
and sixty six down points today. Yet Goldman only moved
about two percent and change, though I will tell you
Visa did move about five and a half percent today.
(14:48):
Visa's been dead money not today, and of course MasterCard
moving it also. So we just want to let you
know in the Dow there is not a lot, not
a bunch of There are a bunch of stocks that
are not acting well, but the high priced are speaking
(15:08):
of the Dow, and I wonder Disney today announces they're
investing a billion dollars in open AI and a deal
to bring characters like Mickey Mouse. There's something called a
(15:29):
Sora AI video video tool. I'd like to tell you
I know what the hell this means, but we have
told you, under no uncertain terms, we think there's gonna
a lot. There's gonna be a lot of movement, a
(15:49):
hell of a lot of movement. Companies just doing AI
for the sake of AI. For stock price, you must say,
way man, Disney spending but they're spending a billion dollars.
Come on, that's got to mean something. I'm not saying
it doesn't. I'm saying when you got a market cap
(16:13):
of two hundred billion spending a billion, you know, and
when you are a stock like Disney that is trading.
We are traded in March of two thousand and fifteen
and is still about forty five percent below two than
and twenty one, You're gonna do anything and everything possible,
(16:40):
anything and everything possible to get your stock on the move.
And I gotta tell you, I don't blame them. And
what's been the hot thing Artificial intelligence AI this and
AI that, And we have been telling you, we have
been telling you you we expect a lot of announcements,
(17:06):
whether they matter or not on artificial intelligence. You know,
we haven't seen yet. Companies change in their names. Just
remember back in oh, excuse me, in ninety nine, companies
change their names. They added dot com to their name
in order to goose their stocks. Mutual fund companies in
(17:28):
order to market themselves better change their name and added
the Internet fund to it. So I'm not accusing Disney
of anything. I'm just reporting to you what they're doing.
We'll let you decide. I'll read more about that later anyway.
Most important part of the equation, most important part. Big
(17:54):
indices on the verge of break well, the s and
p close, NASDAK a little less, a little more away,
but the small in the mids, and the financials and
the transports all heading topside doesn't mean they work. Does
it stick or does it fail? You just remember breakouts
(18:17):
can fail. But typically when you get in the seas
breaking out, it's potentially pretty damn good news. Potentially. That's
the story behind that. In the aftermarket, broad calms up
a little bit. That's good to see Lululemon guides below consensus,
(18:42):
but the CEO is stepping down. I bet you the
market likes that the stock's up twelve bucks in the
after market, and of course a one billion dollar increase
in stock repurchase COSTCO reported only beat estimates by a
little bit, and the stock's been the bear market it
is is ooh, down about nine bucks in the aftermarket.
(19:03):
So three important names after the close. The one I'm
more interested in is Broadcom. You had a week day
in the semiconductors, but that'll be pretty good for tomorrow.
I'll have to look over those numbers also, one ninety five,
eighteen oh two. I'm just looking at them, one ninety Yeah,
(19:25):
earning's pretty good, numbers good, no complaint. Tomorrow is another day.
We just wanted to point out again typically when you
get breakouts of the indices, it's usually meaningful. I harkened back,
what was it, two thousand and thirteen. I was in
(19:47):
Hawaii over Christmas vacation, staying at the Hilton Hawaiian Village
on Waikiki Beach, and then we were going over to
Maui and get the mark. The big indices broke out,
and boy we had a good six seven eight months
after that. We'll see what's next from here. Got easier
(20:09):
money and market reacting well in spite of what people
are telling everybody. Valuations are too high, too high, too high?
Well they are, valuations are definitely too high. But expensive
markets can get more expensive until something occurs up next.
(20:33):
What else we'd be seeing? Thanks for being here, I'm Gary.
This is the one only investors.
Speaker 4 (20:39):
Ed you're listening to. America is talking following investor's edge.
Speaker 2 (21:16):
He's gotta be bet with the crowd.
Speaker 4 (21:18):
Is just on his feet here, said a boy with
Gary coldbomb. I'm highly recommended. You're gonna feel better if
you talk to.
Speaker 3 (21:26):
Him and walk once again to investor's edge.
Speaker 2 (21:50):
I'm Gary Colbam'm your host. Thanks for being with us today.
I'll call you back. That was my son. Uh what else?
I'm not so sure I need to add too much
more in the markets, broadening out areas. For months, I
(22:17):
was saying, avoid have gotten better. There's still bear markets. Hey,
just because the cruise lines had a good day, I
can tell you I think they're bottomed here, but that's
for a recovery rally in the down trend. Same goes
for restaurants. The question is can they turn into bull markets?
(22:38):
Of course they can, but they have to go on
proven themselves. But I'm willing to say the economic part
of the market really very good. Two days, really very good,
two days off of the Central bank. And I've been asked,
(23:05):
did I watch them yesterday? Do? I don't even give
a crap. I got to pay attention to the market
as you know, nothing personal. They don't know what they're doing.
They can blab all they they have no clue. Do
you know our central bank used to predict and they
were wrong ninety nine out of one hundred times. So
(23:26):
then they went, you remember the line data dependent, We'll
wait for information to come in. We'll wait for information
to come in. And then so they don't know what
the hell they're doing. They created all kinds of inflation.
When it hit, they didn't see it coming. Only when
it got really bad did they go holy crap. And
(23:47):
then they finally started playing catchup and they act like
they know what they're doing. And unfortunately they're still playing
god with the markets. By him taking printed money and
buying up short term bonds, now that's screwing with the
markets and he should not be able to. And I
have to tell you, if I was the president of
the United States, he would have no shot of doing that.
(24:10):
I'd stop his arse dead in his tracks. I would
do any everything possible to stop them, because I'm a
big believer. Think about it. Markets are supposed to be
free the buying and selling of investors, traders, and speculators,
(24:33):
not some numbskull who's sitting behind the desk with a
computer saying I think I'm going to print some money
and buy buns. He's not taking any risk with his
own money. By the way, do you know they've lost
hundreds of millions of dollars in their bond buying through
the years or is in the billions? But markets love it.
(25:00):
Next question I've been getting because, as you know, the
media has been all over the president on his economic policies.
And I don't know if you've seen, but his poll
numbers on the economy suck. His poll numbers are really bad.
And you know, I've never been a big believer in
(25:20):
these polls. They've gotten wrong so often, but it's so noisy.
I wanted to bring it up because you know my
thoughts on his economic policies. I think the tariffs suck.
I think they're stupid. I think they're horrible to talk. Well,
(25:41):
they're good for negotiating. How did that go for the farmers,
the negotiations with China on It had the farmers dead
and the President taking twelve billion of our tax dollars
to pay them off. You like that, all you free
market capitalists, you like that. But I love that he
(26:07):
extended the tax cuts. Uh. I don't mind the no
tax on tips, though I'm not thrilled less people paying lesson.
But it's picking and choosing. I'm not a big fan
of that. Oh you, but not you. It was like Biden,
(26:28):
there were certain people that got relief on student loans,
but others did not. So I'm not really a big
fan of that. But I guess that's okay. And I
have nothing but respect for those people working on tips.
But there's another issue behind that. Are they only gonna
want tips going forward? Hey, mister manager, don't pay me
(26:50):
a salary. Let's call it tips. I wonder if a
bunch of that's going to go on. So we love
the extending the tax cuts, We love capitalist part, but
(27:10):
we hate him taking positions in companies. We hate him
picking winners and losers. We hate him. Hey, I'm gonna
take away your tariff if you do this. What the
hell is that. That's not free market capitalism. That is
control freakism. The things we complain about all the time.
(27:34):
I don't want that, yet we're getting it. Shouldn't be
Tim Cook should not be able to go to the
White House and say, hey, we're gonna do this, will
you get rid of the tafts? And they did. I'm sorry.
That sucks. And do you know why it sucks? Wait
(27:56):
to Gavin Newsom is the next president. If you're not complaining, now,
you better not complain then if he wins, we just
want them to get out of the way. That's all
we want. So there are a lot of things I like.
(28:17):
There's a bunch I don't. We don't like him calling
for one percent FED funds. We think that's a problem. Also,
we think that's a problem. Also, we don't want too
much of that. Why you want nine percent inflation again?
(28:39):
Oh you'll get it. Oh, I promise you you'll get it.
And there's some other things we're not thrilled with. But
the other things are on the minor side. I don't
think his son should get tens of billions of dollars
(29:02):
for startup companies from the taxpayer. Oh did you know that, Oh,
just want to make sure you knew that. I don't
think that should be if we complained about Biden's family,
got to complain about Trump's family. Oh but don't they
do this for no, no, no, don't tell me they
(29:22):
do this for a living. You create a startup in
crypto and then get no, no go. We just want fair,
and you should too. We just want fair and you
should too. Of course, if you are in that realm
(29:43):
of complete love of celebrity and politicians, you're gonna curse
me out. But we just want fair, and we got
to call out unfair, and we got to call out good,
great and bad. I think the president does too much
(30:07):
and has involved too much, and I think it's going
to cost too much ultimately. Why Because free markets work
so well, interference does not. Free markets works so well,
(30:29):
interference does not. And I would say that whether it
was Republican Democrat or a Whig Party. And that's a
little bit of answering your questions on what the heck's
going on. By the way, another question I get all
the time is about artificial intelligence. And I'm still trying
(30:51):
to figure out how any of these companies are ultimately
going to make money on their spend. And speaking of that,
Oracle did finish down twenty four dollars today, though at
one time today was down thirty six. But deep into
a bear market right now. And all I kept reading
is they're worried about the debt and whether they're gonna
come through with all the you know, back they're saying
(31:14):
they have all these back orders, and whether that's gonna
occur or not, we'll see. Just let you know Oracle
is in a bear market. It's an avoid right now,
though they did a little bit better with it at
the close today. And yeah, I am surprised as all
(31:35):
heck up next this, that and the other thing. This
is the one only investor's edge.
Speaker 4 (32:14):
You're listening to what.
Speaker 1 (32:18):
One ready.
Speaker 4 (32:25):
We can'try called bob.
Speaker 2 (32:38):
Okay. In case you don't know, we are pretty big
believers in something called the front cover indicator. What the
hell is that? What is the front cover indicator? When
(33:09):
mainstream media start reporting things from the market, it's usually
the close to the end of a move.
Speaker 3 (33:29):
Back.
Speaker 2 (33:30):
In eight. We bottomed in nine. I believe it was
March towards the end of eight when I was so scared,
I went to my bank and took out twenty five
thousand dollars in cash to put in a safe. That's
how worried I was. But back then the mainstream media
(33:55):
was coming out in droves pretty much reporting on the
end of the world, the end of a financial system.
And by the way, I couldn't blame them, you do know,
Bear Stearns went out of business, Lehman Brothers went out
of business, Merrill Lynch went out of business countrywide financial
(34:19):
was it WAKOVI also amongst others and others would have
gone out of business, but they ended up being saved.
But I can tell you towards the end, it got
ferocious and vicious end of the world type scenarios the reporting,
(34:47):
and guess what happened in March of nine. We bottomed
and never looked back, with a little help from the taxpayer,
of course, and nothing happened to the frauds. Back in
late ninety nine, front covers of magazines had John Chambers
(35:13):
of Cisco Man of the Year. The talk was back
then the internet technology and the NASDAK dropped eighty percent.
And when I mean they it was crazy, It was crazy.
(35:34):
It was crazy. Put this in your file manager the
time Magazine two thy and twenty five Person of the Year,
(35:55):
Time Magazine. I think it's a pamphlet now by the way,
it's so small, but they are not in the business world.
It's a magazine reports the news, you know, politics, foreign affairs.
The Time Magazine twenty twenty five Person of the Year,
(36:19):
The Architects of Artificial Intelligence. That's going to be on
the front cover. I believe it's out today, maybe announced today.
Just put it in your file manager as part of
your handsome and buffed host front cover indicator. That front
(36:47):
and center. Now artificial intelligence now may mean nothing. Put
it in your file manager in case you don't know.
The stocks have come on strong recently. They were really
in trouble into the Nvidia reversal day, but have come
(37:11):
on again. The electronic manufacturers, semiconductors, data storage types summit
new highs today. All's well, all is okay, Just put
that in your file manager. We'll revisit it if need be,
(37:35):
and hopefully we won't have to revisit it. But that
is a glaring and I mean glaring front cover indicator.
And again, all that means is that very often when
(37:55):
something like this occurs, you're nearing an end of a move,
nearing an end of a move, just letting you know
what else. I gotta tell you. I watched an interview
(38:23):
with Taylor Swift. You don't mind me bringing this up, right?
I dig this woman, not only everywhere she went the
economy sword because of how many people visited all the cities.
And I believe she's a billionaire.
Speaker 3 (38:41):
Right.
Speaker 2 (38:43):
I watched an interview with her. She just seems like
she'd has ten dollars in the bank. Seriously down to earth.
I just wanted to bring that up because I love
seeing something like that. I know it doesn't mean that much,
(39:04):
has nothing to do with the market, but I gotta
tell you, I love seeing something like that. Impress the
living hell out of me. Good to see, good to see.
On a final note, did you see the Miami mayor election?
(39:25):
Did I mention this yesterday? I don't think I did.
A Democrat won the mayor election for the first time
Miami in thirty years. Trump won Miami. Wake up call
(39:46):
for the Republicans. If Trump thinks he can call women
piggy and people with the R word, I don't even
think I can say that word anymore. And he's gonna
win votes some Evergate Glades Land. Somebody's gonna need to
talk to him. Ladies and gentlemen, where you're gonna have HAKEM. Jeffries,
(40:07):
the Speaker of the House. Now we're done. You have
a great evening. Drive carefully when you get home, do
like we do. Quite simple. Make sure you hug your family,
make sure you how your children. They will feel better,
You'll feel better. I promise they will be well until tomorrow.
Another good day hopefully. Bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary calt Mom 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 Kultbomb, straight talk about you and
your money now from the Viz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And look once again to Investor's Edge on Gary Kolbomb
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen. Happy that you are listening.
It's Thursday, It's December eleventh, that's twenty twenty five. Hope
you're having a good day. As always, we got serious
talk on everything that affects you. We'll do the markets,
the economy, your job, your industry, the Central Bank, the president,
(00:37):
and all the nonsense that is being spewed out there.
We'll cover it without any agenda, ulterior motive or bias.
The only thing we care about is you. We're quite
different than most others. Anyway. If you do not get
this radio show in your city, we'll post it at
garyk dot com. We'll also post it on our x feed,
(00:59):
and if you don't follow us on X you should.
If you'd like to email us, just be nice, by
the way. We'll also post it on our podcast apps
and the YouTube channel of this TV. Okay, the main
question I got today, does all this stuff with the
(01:20):
Central bank lowering rates and buying up bonds help the economy.
Didn't ask about the markets the economy. This is the
way I look at it. If the market's sore because
of it, certainly it makes people feel more wealthy and
(01:43):
should help to a certain extent. Does it create any jobs?
Speaker 3 (01:49):
No?
Speaker 2 (01:50):
Does it improve lifestyle? No? That's all. The point in
time where things go really affected is when J. Powell
went insane. And we call it insane, and we'd say
it to his face that he interfered with markets, took
greats to zero, screwed the savers, made the wealthy wealthier,
(02:17):
got you to refinance at three percent. And just remember
that was not free market base. That was one man.
Think about this, one man out of the three hundred
and fifty million people in this country was able to
print a nine trillion. Well, he can't do that anymore.
I take it back. He can do it amazingly. So, yes,
(02:38):
he can do it. And that's the sick thing. So
what happened yesterday, just letting you know, is he lowered
the Fed funds rate a quarter point. Should that rally
the Dow one thousand points in two days? Nah? But
what else did he do? He said, he's buying bonds. Again,
(03:03):
that's huge to the market. In case you don't know,
market's about perception thought and what I call on the
call the pile on factor and perception is when he's
buying bonds, it should force interest rates down, should and
(03:25):
lifts up everything that's a benefactor pretty much anything economically sensitive.
So what you have, let me tell you about today.
Cruise lines been dead, been dead. Royal Caribbean today was
up seven percent, Carnival was up six percent. Did they
(03:53):
make any more money?
Speaker 1 (03:54):
No?
Speaker 2 (03:55):
Did more people know? It's that easier money lends itself
to perception that, oh, things are gonna get better. Hotels
had a strong day. I mentioned cruise lines. Nothing wrong
with the airlines today, economically sensitive stuff. How about something
called WW Granger, you know them tools and lighting. The
(04:19):
stock's been dead dead since yesterday, has gone from nine
We're not making this up nine fifty eight to one
thousand and thirty two. Last I looked, that's seventy four points.
Last I looked, that's like eight percent. The stock has
(04:44):
done nothing since February of twenty four and is way
down from the highs. But it now wakes up to
what extent. We don't know. We're just reporting to you
the news, but that's how things work. United Rentals has
been blasted on wor sending outcome. The stock from yesterday
(05:06):
has gone from seven eighty four to eight thirty four.
What else is on the move the commodities? Well, why
would commodities move, Well, it's pretty simple. If you're going
easier money, you weaken the dollar, our dollar against other currencies,
(05:27):
which means not much if you hear, but if you
decide to travel to Europe, it's going to take more
of our dollar to buy the euro of the pounds.
But what else does it do? A weaker dollar has
(05:48):
commodities going up because they're priced in US dollars. A
weaker dollar means it takes more of them to buy
the amount and makes commodities cheaper for buyers. You're using
stronger currencies. That's why so gold, silver metals and mining
(06:17):
going up. What else goes up? The multi nationals companies
that do a lot of business over there, that are
over here. It makes our goods cheaper for them to buy,
(06:39):
which increases our exports to them, that's all. And it
makes those foign earnings more valuable when converted back to
dollars and basically boost revenues and profits. So you gotta
(06:59):
by bunch of multinationals doing well. The banks. Goldman Sacks, well,
we'll get into the size of a second, but Goldman
Sacks from yesterday went from eight seventy six to nine ten.
(07:20):
Why easier money, more to lend, easier to lend, easier
to make money off of that. That's what these companies
do there. And this is not a pejorative, but they're
great bookies. They're buyers of companies. And if it's easier
to buy companies, the better. So they're lifting also. And
(07:45):
then yet, what if I told you about restaurants and
how weak they've been, they've rallied some why would they
rally some? Markets up? Easier money, that's all. Now, what
happens If yields start going up, then we'll talk. But
yields have done nothing but come down since yesterday. But
(08:08):
more than that, markets love easier money. I remember David Tepper,
the great hedge fund guy, and I didn't understand it
at the time. I didn't understand it at the time.
Upon Ben Bernanki announcing he was gonna print money for
the first time, he went on TV and just buy
(08:29):
the hell out of everything. And I was like, what what?
And if you go back to the video back in
O eight, he said, just buy the hell out of everything.
They are inflating asset prices off of printing of money. Oh,
(08:50):
I understand it. Now, why do you think markets skyrocketed
while we were still in COVID because they started printing
trillions and once we open up, we went eight crap
to the upside. And it's unfortunate because usually the easy
(09:12):
money creates distortions like we're having in the housing market
right now, amongst other things that are going on. But
for now, listen carefully. The Dow new yearly highs broke out.
The S and P has not. The reason why the
S and P is not is because a lot of
(09:34):
technology in there. But it's right there. It's right there.
The NASDAK has not because of the technology. Neither is
the Nasdaq one hundred. The Russell two thousand has broken out,
the MidCap four hundred has broken out. I don't believe
it's an all time high yet, but it's quite close
(09:57):
to the November twenty ninth, two thousand and two, twenty
four week Getting there the XLF, the financials edging out
of range, the KBWB, the Nasdaq Bank index broke out,
the transports broke out to a one year high, not
(10:23):
at the all time highs, yet broke out to one
year high. Do you know what breakouts usually beget? Higher prices?
Nothing guaranteed up next more on all this. This is
the one only Investor's Edge. Hi, I'm Gary Kolbaum, hosted
(11:03):
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 personalized services, including retirement planning,
fixed income, and educational needs, all to assist you in
(11:26):
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 an appointment for a complementary portfolio review.
The number to call is eight eight eight four two
(11:46):
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.
Speaker 3 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 4 (12:09):
You're listening to. Okay, it fun Investors Edge, the last
bastion of quality programming with Gary called Bomb. It doesn't
get better than this.
Speaker 2 (12:27):
So the best thing I can do for you is
to describe and to repeat. The Dow is now broken
out the highs. But I'm gonna stop right there. I
want to make sure you know that if in the Dow,
if Goldman Sachs goes up one percent in the Dow,
(12:54):
if Goldman Sachs goes up one percent, I want you
to think about it carefully. The Dow will go up
about sixty points, and I'm kinda to the nearest number.
If Goldman Sachs goes up one percent, sixty points in
(13:15):
the Dow. If Verizon goes up one percent and it
is in the Dow, it'll move two and a half points.
So Goldman is like twenty two times more important than Verizon.
So it's not hard to figure out that. Geez Verizon
(13:38):
is weak but does not matter. You know what else
is weak? Nike big bear market doesn't matter. Nike is
about fourteen Goldman is about fourteen times more important than Nike.
How about Coke about twelve times more important than Coke?
(14:01):
And those are kind of weak stocks, So in our eyes,
not a matter. But when you have the Dow up
six hundred and forty six today, you have Visa finally
waking out out of a Coma got an upgrade. But
also what are they? Credit cards and easier money that
was up twenty Goldman was up twenty one. That's forty
(14:26):
one points, right. Guess what those two are? Two hundred
and sixty six down points today. Yet Goldman only moved
about two percent and change, though I will tell you
Visa did move about five and a half percent today.
(14:48):
Visa's been dead money not today, and of course MasterCard
moving it also. So we just want to let you
know in the Dow there is not a lot, not
a bunch of There are a bunch of stocks that
are not acting well, but the high priced are speaking
(15:08):
of the Dow, and I wonder Disney today announces they're
investing a billion dollars in open AI and a deal
to bring characters like Mickey Mouse. There's something called a
(15:29):
Sora AI video video tool. I'd like to tell you
I know what the hell this means, but we have
told you, under no uncertain terms, we think there's gonna
a lot. There's gonna be a lot of movement, a
(15:49):
hell of a lot of movement. Companies just doing AI
for the sake of AI. For stock price, you must say,
way man, Disney spending but they're spending a billion dollars.
Come on, that's got to mean something. I'm not saying
it doesn't. I'm saying when you got a market cap
(16:13):
of two hundred billion spending a billion, you know, and
when you are a stock like Disney that is trading.
We are traded in March of two thousand and fifteen
and is still about forty five percent below two than
and twenty one, You're gonna do anything and everything possible,
(16:40):
anything and everything possible to get your stock on the move.
And I gotta tell you, I don't blame them. And
what's been the hot thing Artificial intelligence AI this and
AI that, And we have been telling you, we have
been telling you you we expect a lot of announcements,
(17:06):
whether they matter or not on artificial intelligence. You know,
we haven't seen yet. Companies change in their names. Just
remember back in oh, excuse me, in ninety nine, companies
change their names. They added dot com to their name
in order to goose their stocks. Mutual fund companies in
(17:28):
order to market themselves better change their name and added
the Internet fund to it. So I'm not accusing Disney
of anything. I'm just reporting to you what they're doing.
We'll let you decide. I'll read more about that later anyway.
Most important part of the equation, most important part. Big
(17:54):
indices on the verge of break well, the s and
p close, NASDAK a little less, a little more away,
but the small in the mids, and the financials and
the transports all heading topside doesn't mean they work. Does
it stick or does it fail? You just remember breakouts
(18:17):
can fail. But typically when you get in the seas
breaking out, it's potentially pretty damn good news. Potentially. That's
the story behind that. In the aftermarket, broad calms up
a little bit. That's good to see Lululemon guides below consensus,
(18:42):
but the CEO is stepping down. I bet you the
market likes that the stock's up twelve bucks in the
after market, and of course a one billion dollar increase
in stock repurchase COSTCO reported only beat estimates by a
little bit, and the stock's been the bear market it
is is ooh, down about nine bucks in the aftermarket.
(19:03):
So three important names after the close. The one I'm
more interested in is Broadcom. You had a week day
in the semiconductors, but that'll be pretty good for tomorrow.
I'll have to look over those numbers also, one ninety five,
eighteen oh two. I'm just looking at them, one ninety Yeah,
(19:25):
earning's pretty good, numbers good, no complaint. Tomorrow is another day.
We just wanted to point out again typically when you
get breakouts of the indices, it's usually meaningful. I harkened back,
what was it, two thousand and thirteen. I was in
(19:47):
Hawaii over Christmas vacation, staying at the Hilton Hawaiian Village
on Waikiki Beach, and then we were going over to
Maui and get the mark. The big indices broke out,
and boy we had a good six seven eight months
after that. We'll see what's next from here. Got easier
(20:09):
money and market reacting well in spite of what people
are telling everybody. Valuations are too high, too high, too high?
Well they are, valuations are definitely too high. But expensive
markets can get more expensive until something occurs up next.
(20:33):
What else we'd be seeing? Thanks for being here, I'm Gary.
This is the one only investors.
Speaker 4 (20:39):
Ed you're listening to. America is talking following investor's edge.
Speaker 2 (21:16):
He's gotta be bet with the crowd.
Speaker 4 (21:18):
Is just on his feet here, said a boy with
Gary coldbomb. I'm highly recommended. You're gonna feel better if
you talk to.
Speaker 3 (21:26):
Him and walk once again to investor's edge.
Speaker 2 (21:50):
I'm Gary Colbam'm your host. Thanks for being with us today.
I'll call you back. That was my son. Uh what else?
I'm not so sure I need to add too much
more in the markets, broadening out areas. For months, I
(22:17):
was saying, avoid have gotten better. There's still bear markets. Hey,
just because the cruise lines had a good day, I
can tell you I think they're bottomed here, but that's
for a recovery rally in the down trend. Same goes
for restaurants. The question is can they turn into bull markets?
(22:38):
Of course they can, but they have to go on
proven themselves. But I'm willing to say the economic part
of the market really very good. Two days, really very good,
two days off of the Central bank. And I've been asked,
(23:05):
did I watch them yesterday? Do? I don't even give
a crap. I got to pay attention to the market
as you know, nothing personal. They don't know what they're doing.
They can blab all they they have no clue. Do
you know our central bank used to predict and they
were wrong ninety nine out of one hundred times. So
(23:26):
then they went, you remember the line data dependent, We'll
wait for information to come in. We'll wait for information
to come in. And then so they don't know what
the hell they're doing. They created all kinds of inflation.
When it hit, they didn't see it coming. Only when
it got really bad did they go holy crap. And
(23:47):
then they finally started playing catchup and they act like
they know what they're doing. And unfortunately they're still playing
god with the markets. By him taking printed money and
buying up short term bonds, now that's screwing with the
markets and he should not be able to. And I
have to tell you, if I was the president of
the United States, he would have no shot of doing that.
(24:10):
I'd stop his arse dead in his tracks. I would
do any everything possible to stop them, because I'm a
big believer. Think about it. Markets are supposed to be
free the buying and selling of investors, traders, and speculators,
(24:33):
not some numbskull who's sitting behind the desk with a
computer saying I think I'm going to print some money
and buy buns. He's not taking any risk with his
own money. By the way, do you know they've lost
hundreds of millions of dollars in their bond buying through
the years or is in the billions? But markets love it.
(25:00):
Next question I've been getting because, as you know, the
media has been all over the president on his economic policies.
And I don't know if you've seen, but his poll
numbers on the economy suck. His poll numbers are really bad.
And you know, I've never been a big believer in
(25:20):
these polls. They've gotten wrong so often, but it's so noisy.
I wanted to bring it up because you know my
thoughts on his economic policies. I think the tariffs suck.
I think they're stupid. I think they're horrible to talk. Well,
(25:41):
they're good for negotiating. How did that go for the farmers,
the negotiations with China on It had the farmers dead
and the President taking twelve billion of our tax dollars
to pay them off. You like that, all you free
market capitalists, you like that. But I love that he
(26:07):
extended the tax cuts. Uh. I don't mind the no
tax on tips, though I'm not thrilled less people paying lesson.
But it's picking and choosing. I'm not a big fan
of that. Oh you, but not you. It was like Biden,
(26:28):
there were certain people that got relief on student loans,
but others did not. So I'm not really a big
fan of that. But I guess that's okay. And I
have nothing but respect for those people working on tips.
But there's another issue behind that. Are they only gonna
want tips going forward? Hey, mister manager, don't pay me
(26:50):
a salary. Let's call it tips. I wonder if a
bunch of that's going to go on. So we love
the extending the tax cuts, We love capitalist part, but
(27:10):
we hate him taking positions in companies. We hate him
picking winners and losers. We hate him. Hey, I'm gonna
take away your tariff if you do this. What the
hell is that. That's not free market capitalism. That is
control freakism. The things we complain about all the time.
(27:34):
I don't want that, yet we're getting it. Shouldn't be
Tim Cook should not be able to go to the
White House and say, hey, we're gonna do this, will
you get rid of the tafts? And they did. I'm sorry.
That sucks. And do you know why it sucks? Wait
(27:56):
to Gavin Newsom is the next president. If you're not complaining, now,
you better not complain then if he wins, we just
want them to get out of the way. That's all
we want. So there are a lot of things I like.
(28:17):
There's a bunch I don't. We don't like him calling
for one percent FED funds. We think that's a problem. Also,
we think that's a problem. Also, we don't want too
much of that. Why you want nine percent inflation again?
(28:39):
Oh you'll get it. Oh, I promise you you'll get it.
And there's some other things we're not thrilled with. But
the other things are on the minor side. I don't
think his son should get tens of billions of dollars
(29:02):
for startup companies from the taxpayer. Oh did you know that, Oh,
just want to make sure you knew that. I don't
think that should be if we complained about Biden's family,
got to complain about Trump's family. Oh but don't they
do this for no, no, no, don't tell me they
(29:22):
do this for a living. You create a startup in
crypto and then get no, no go. We just want fair,
and you should too. We just want fair and you
should too. Of course, if you are in that realm
(29:43):
of complete love of celebrity and politicians, you're gonna curse
me out. But we just want fair, and we got
to call out unfair, and we got to call out good,
great and bad. I think the president does too much
(30:07):
and has involved too much, and I think it's going
to cost too much ultimately. Why Because free markets work
so well, interference does not. Free markets works so well,
(30:29):
interference does not. And I would say that whether it
was Republican Democrat or a Whig Party. And that's a
little bit of answering your questions on what the heck's
going on. By the way, another question I get all
the time is about artificial intelligence. And I'm still trying
(30:51):
to figure out how any of these companies are ultimately
going to make money on their spend. And speaking of that,
Oracle did finish down twenty four dollars today, though at
one time today was down thirty six. But deep into
a bear market right now. And all I kept reading
is they're worried about the debt and whether they're gonna
come through with all the you know, back they're saying
(31:14):
they have all these back orders, and whether that's gonna
occur or not, we'll see. Just let you know Oracle
is in a bear market. It's an avoid right now,
though they did a little bit better with it at
the close today. And yeah, I am surprised as all
(31:35):
heck up next this, that and the other thing. This
is the one only investor's edge.
Speaker 4 (32:14):
You're listening to what.
Speaker 1 (32:18):
One ready.
Speaker 4 (32:25):
We can'try called bob.
Speaker 2 (32:38):
Okay. In case you don't know, we are pretty big
believers in something called the front cover indicator. What the
hell is that? What is the front cover indicator? When
(33:09):
mainstream media start reporting things from the market, it's usually
the close to the end of a move.
Speaker 3 (33:29):
Back.
Speaker 2 (33:30):
In eight. We bottomed in nine. I believe it was
March towards the end of eight when I was so scared,
I went to my bank and took out twenty five
thousand dollars in cash to put in a safe. That's
how worried I was. But back then the mainstream media
(33:55):
was coming out in droves pretty much reporting on the
end of the world, the end of a financial system.
And by the way, I couldn't blame them, you do know,
Bear Stearns went out of business, Lehman Brothers went out
of business, Merrill Lynch went out of business countrywide financial
(34:19):
was it WAKOVI also amongst others and others would have
gone out of business, but they ended up being saved.
But I can tell you towards the end, it got
ferocious and vicious end of the world type scenarios the reporting,
(34:47):
and guess what happened in March of nine. We bottomed
and never looked back, with a little help from the taxpayer,
of course, and nothing happened to the frauds. Back in
late ninety nine, front covers of magazines had John Chambers
(35:13):
of Cisco Man of the Year. The talk was back
then the internet technology and the NASDAK dropped eighty percent.
And when I mean they it was crazy, It was crazy.
(35:34):
It was crazy. Put this in your file manager the
time Magazine two thy and twenty five Person of the Year,
(35:55):
Time Magazine. I think it's a pamphlet now by the way,
it's so small, but they are not in the business world.
It's a magazine reports the news, you know, politics, foreign affairs.
The Time Magazine twenty twenty five Person of the Year,
(36:19):
The Architects of Artificial Intelligence. That's going to be on
the front cover. I believe it's out today, maybe announced today.
Just put it in your file manager as part of
your handsome and buffed host front cover indicator. That front
(36:47):
and center. Now artificial intelligence now may mean nothing. Put
it in your file manager in case you don't know.
The stocks have come on strong recently. They were really
in trouble into the Nvidia reversal day, but have come
(37:11):
on again. The electronic manufacturers, semiconductors, data storage types summit
new highs today. All's well, all is okay, Just put
that in your file manager. We'll revisit it if need be,
(37:35):
and hopefully we won't have to revisit it. But that
is a glaring and I mean glaring front cover indicator.
And again, all that means is that very often when
(37:55):
something like this occurs, you're nearing an end of a move,
nearing an end of a move, just letting you know
what else. I gotta tell you. I watched an interview
(38:23):
with Taylor Swift. You don't mind me bringing this up, right?
I dig this woman, not only everywhere she went the
economy sword because of how many people visited all the cities.
And I believe she's a billionaire.
Speaker 3 (38:41):
Right.
Speaker 2 (38:43):
I watched an interview with her. She just seems like
she'd has ten dollars in the bank. Seriously down to earth.
I just wanted to bring that up because I love
seeing something like that. I know it doesn't mean that much,
(39:04):
has nothing to do with the market, but I gotta
tell you, I love seeing something like that. Impress the
living hell out of me. Good to see, good to see.
On a final note, did you see the Miami mayor election?
(39:25):
Did I mention this yesterday? I don't think I did.
A Democrat won the mayor election for the first time
Miami in thirty years. Trump won Miami. Wake up call
(39:46):
for the Republicans. If Trump thinks he can call women
piggy and people with the R word, I don't even
think I can say that word anymore. And he's gonna
win votes some Evergate Glades Land. Somebody's gonna need to
talk to him. Ladies and gentlemen, where you're gonna have HAKEM. Jeffries,
(40:07):
the Speaker of the House. Now we're done. You have
a great evening. Drive carefully when you get home, do
like we do. Quite simple. Make sure you hug your family,
make sure you how your children. They will feel better,
You'll feel better. I promise they will be well until tomorrow.
Another good day hopefully. Bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary calt Mom 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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The Burden
The Burden is a documentary series that takes listeners into the hidden places where justice is done (and undone). It dives deep into the lives of heroes and villains. And it focuses a spotlight on those who triumph even when the odds are against them. Season 5 - The Burden: Death & Deceit in Alliance On April Fools Day 1999, 26-year-old Yvonne Layne was found murdered in her Alliance, Ohio home. David Thorne, her ex-boyfriend and father of one of her children, was instantly a suspect. Another young man admitted to the murder, and David breathed a sigh of relief, until the confessed murderer fingered David; “He paid me to do it.” David was sentenced to life without parole. Two decades later, Pulitzer winner and podcast host, Maggie Freleng (Bone Valley Season 3: Graves County, Wrongful Conviction, Suave) launched a “live” investigation into David's conviction alongside Jason Baldwin (himself wrongfully convicted as a member of the West Memphis Three). Maggie had come to believe that the entire investigation of David was botched by the tiny local police department, or worse, covered up the real killer. Was Maggie correct? Was David’s claim of innocence credible? In Death and Deceit in Alliance, Maggie recounts the case that launched her career, and ultimately, “broke” her.” The results will shock the listener and reduce Maggie to tears and self-doubt. This is not your typical wrongful conviction story. In fact, it turns the genre on its head. It asks the question: What if our champions are foolish? Season 4 - The Burden: Get the Money and Run “Trying to murder my father, this was the thing that put me on the path.” That’s Joe Loya and that path was bank robbery. Bank, bank, bank, bank, bank. In season 4 of The Burden: Get the Money and Run, we hear from Joe who was once the most prolific bank robber in Southern California, and beyond. He used disguises, body doubles, proxies. He leaped over counters, grabbed the money and ran. Even as the FBI was closing in. It was a showdown between a daring bank robber, and a patient FBI agent. Joe was no ordinary bank robber. He was bright, articulate, charismatic, and driven by a dark rage that he summoned up at will. In seven episodes, Joe tells all: the what, the how… and the why. Including why he tried to murder his father. Season 3 - The Burden: Avenger Miriam Lewin is one of Argentina’s leading journalists today. At 19 years old, she was kidnapped off the streets of Buenos Aires for her political activism and thrown into a concentration camp. Thousands of her fellow inmates were executed, tossed alive from a cargo plane into the ocean. Miriam, along with a handful of others, will survive the camp. Then as a journalist, she will wage a decades long campaign to bring her tormentors to justice. Avenger is about one woman’s triumphant battle against unbelievable odds to survive torture, claim justice for the crimes done against her and others like her, and change the future of her country. Season 2 - The Burden: Empire on Blood Empire on Blood is set in the Bronx, NY, in the early 90s, when two young drug dealers ruled an intersection known as “The Corner on Blood.” The boss, Calvin Buari, lived large. He and a protege swore they would build an empire on blood. Then the relationship frayed and the protege accused Calvin of a double homicide which he claimed he didn’t do. But did he? Award-winning journalist Steve Fishman spent seven years to answer that question. This is the story of one man’s last chance to overturn his life sentence. He may prevail, but someone’s gotta pay. The Burden: Empire on Blood is the director’s cut of the true crime classic which reached #1 on the charts when it was first released half a dozen years ago. Season 1 - The Burden In the 1990s, Detective Louis N. Scarcella was legendary. In a city overrun by violent crime, he cracked the toughest cases and put away the worst criminals. “The Hulk” was his nickname. Then the story changed. Scarcella ran into a group of convicted murderers who all say they are innocent. They turned themselves into jailhouse-lawyers and in prison founded a lway firm. When they realized Scarcella helped put many of them away, they set their sights on taking him down. And with the help of a NY Times reporter they have a chance. For years, Scarcella insisted he did nothing wrong. But that’s all he’d say. Until we tracked Scarcella to a sauna in a Russian bathhouse, where he started to talk..and talk and talk. “The guilty have gone free,” he whispered. And then agreed to take us into the belly of the beast. Welcome to The Burden.