November 25, 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 Viz Talk studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And welcome once again to Investor's Edge. IM Gary kolbaumb
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen, Happy that you are listening.
It is November twenty five, twenty twenty five. It's Tuesday.
I hope you're having a good day. As always, we
have a lot to cover, starting with the last week.
(00:37):
We'll call it a nice little whipsaw for those of
you who invested in the Vanguard S and P thirty
years ago. You need not worry about anything we have
to say, because that's been doing pretty darn well. But
a lot of jello moving on the plate, ladies and gentlemen,
and we are going to cover it all. And in
(00:57):
case you don't know, this is serious talk on everything
that affects you will do. The markets, the economy, your job,
your industry, the morlocks in DC, and boy are they
the worst. They're the worst, and anything else that comes
to mind. By the way, we hit I'm told thirty
(01:19):
nine trillion of debt now, yeah, sure, right, thirty nine
trillion thirty nine. I want to make sure you understand
that's thirty nine trillion dollars over and above what they
were supposed to spend. Now, imagine if you, as an American,
(01:40):
did that in my tidbit section of Investor's Edge today,
today we're doing tidbits. It's when I bust out just
little one or two line things on just things that
are going on that are quite interesting. You'll hear some
of the numbers, and just remember, all done on purpose,
(02:01):
one worse than the other. It really started getting amplified
under Bush to Obama to Trump, to Biden to Trump,
all have lied out their butts about what they would
do with their debt and deficits. They're not Republicans, they're
(02:27):
not Democrats. You got that Bush, Obama, Trump, Biden, Trump,
go back and see how much debt we had before
the year two thousand and they don't give a crap
(02:51):
because it's their mother's milk. The reason why Trump didn't
do anything about what Biden did, even though they complained
about it for how long, is because if they lowered
spending in government, it comes off of GDP and God forbid.
And I know you keep hearing well, they fired this,
that this that we're still running two trillion dollar deficit
(03:14):
this year, maybe a little less, maybe a little bit more.
They are all guilty and I couldn't give a crap
about any of them professionally. If you do not get
this radio show and you city, we'll post it at
gary k dot com. We'll also post it on x feed,
and if you don't follow us on next you should.
We'll also post it on the YouTube channel abyss TV.
(03:34):
And if you'd like to email me, just be nice.
And by the way, for you Trump fans, instead of
getting pissed at me, get pissed at him. How's that?
Every now and then I get an email. By the way,
everybody's been very respectful, disagreement, but respectful. I've had nobody
cursing me out or anything as of yet. But instead
(03:58):
of getting mad at others that are telling you facts,
get mad at the people that are committing what are
not crimes but should be. And that's that. Hey, we're
gonna go with the markets. We're gonna start with the markets.
Because Dow is up six sixty four s and p
up sixty NASDAK one fifty three, NASDAK one forty four,
(04:19):
Russell two thousand, more than two percent, transports more than
two percent advance. The client's good up down volume. Good
got better throughout the day. The NASDAK was very weak
early because the things that are going on with Nvidia
and advanced micro devices and Google and this stock and nastok.
(04:41):
The big story is this. Listen carefully on Friday, the
day after a vicious, ugly one of the worst, one
of the worst vicious reversals I have ever seen occult
(05:02):
on Thursday with the big Nvidia drop from the gap
opening on their earnings report. Out of nowhere, and let
me be blunt and saying out of nowhere, let me
say it one more time, out of nowhere, the broad
market lit up like a pinball machine on Friday. What
(05:29):
do we mean by the broad market, Well, as we've
told you for months and months and months, avoid this,
avoid this, avoid this, avoid this, avoid this, avoid this,
avoid this. Why they were in down trends and recently
they had got better. But on Friday, and I even said,
(05:50):
it felt like something of import Let's see if this
follow through. And we're talking about the restaurants that have
been the brutal bear market, the housing and housing related
bear market, the transports, truckers, rails bear market, most retail
(06:11):
bear market, the payroll company's bear market, the auto dealers
bear market, managed care, bear market, waste management bear market,
cruise lines, airlines, hotels, bearish market, economically sensitive names not
non artificial intelligence, bear market, insurance, bearish market, a lot
(06:38):
of financials bearish market, not necessarily Something's big bears are
lesser tech, page bearish with some stocks way down. I'm
talking way way down. And on Friday I considered it
(06:59):
a wake up hall, but nothing more than that, because
what you always need on the wake up calls, give
me some follow through, give me some meaning to it.
Let's put a stamp on it. And today, let me
just state for the record, was another day where restaurants,
(07:27):
economically sensitive, insurance, other financials, airlines, cruise lines, hotels, transports, housing,
housing related, waste management, auto dealers, lesser tech, just very
(07:48):
strong to the point where you got some breakouts. You
have some breakouts of range, and we're talking long trading
ranges in some hotel, one, cruise line and other stuff.
(08:10):
Steel stocks look on the verge of breaking out. I
got some retail names breaking out of range. Now notice
I didn't even mention healthcare yet because healthcare is actually
doing a little bit of leading at this point. So
(08:32):
very good broad market day. But what's interesting about me
saying this, The DOO, just so you know, is just
getting back the last six days, last five days of drop,
including that vicious reversal day. That's all that's happened. The
(08:53):
TAO has done nothing in two months. And by the way,
the Dow since thank Thanksgiving of twenty four forty five
thousand to forty seven to one twenty one, not even
five percent, not even five but great recovery off of
(09:20):
Thursday's nausea. Even more interesting that Tech was getting wrecked
again today, wrecked. Good comeback by the end of the day.
And we'll get into that Nvidia crap in a little bit.
But the story is the broad market two out of
(09:41):
three days awoke. Will it last? As we tell you
no clue. We'll let more cards come out of the deck.
All we can tell you, damn strong complain. What's interesting
(10:04):
is that the S and P lags the Dow, which
is not normal except the S and P has a
lot more Tech in it, and Tech has been on
the weaker side, notwithstanding one big strong day recently. But
(10:25):
that's the story. I could not explain it any better anymore.
The bottom line is you get a wake up call.
Let's hope it lasts up next more in the markets
and tidbits day got some interesting stuff. I'm Gary. This
(10:45):
is the one on the Investor's Enter. Hi.
Speaker 3 (11:02):
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 personalized services, including
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(11:25):
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eight eight four two two five five five nine. That's
(11:48):
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nine that's eight eight eight four two two five to five,
five to nine investment advisory services offer through Call Capital Management.
Speaker 2 (12:05):
It's time to switch on the integrator units and to
get the brain cells working.
Speaker 1 (12:09):
You're listening to Okay, it could be fun Investor's Edge.
Speaker 2 (12:15):
The last bastion of quality programming.
Speaker 1 (12:18):
With Gary called Bob. It doesn't get better than this.
Speaker 2 (12:33):
And once again to Investor's Edge, thanks for being with
us today, and may I state for the record, the
last week, just the last week has been stunning. Just
(12:59):
the last week, wild swings, wild moves, any idea, what gives? No,
don't care. When we scan at night, we forget about
it all. And that's it most earnings. There's other earnings
(13:27):
coming out, but you know, the plethora of earnings is
already out. We think what's driving a little bit of
the bus here is number one, the FED, the predictions,
at least of the FED lowering rates in December when
the predictions were they weren't have gone from like twenty
(13:50):
up to eighty percent. But I think there's something else
going on. I think it was leaked that Kevin Hassett,
I think his title maybe head of Economic Advisors, will
be nominated to be the next FED heead and as
(14:11):
I have told you, whoever he nominates, President Trump, Trump's
going to be running the FED. And I can promise
you they're going to do everything they can to take
FED funds rates down to nothing. And let's hope I'm
gonna be wrong on that, because if I told you,
if they go too easy with an inflationary environment which
(14:33):
is not gone yet, they may stoke inflation like crazy. Again,
Just remember, inflation is a monetary outcome. It happens because
you have morons running government. And when you do too
easy economic policy like Powell did zero percent rates printing
(14:56):
to nine trillion, he caused the inflation. And there was
a I wreck correlation with inflation coming down when Powell
stopped printing and started letting it run off. Now they're
going to be doing the opposite. It looks like I
hope I am wrong. I hope I'm a big time wrong.
Next thing I do want to mention, Oh this all
(15:17):
this talk, Oh the talk, all the talk is of
recessions and slowdowns and all that. Well, how can you
have a recession when government's spending seven trillion bucks? But
(15:38):
I digress. There's no way anything of consequence is going
to occur if the broad market's getting going, just letting
you know. And we know this because the broad market
is always flushed out a recession of consequence beforehand. So
(16:00):
just letting you know. Of course, I do worry a
lot of its government, unfortunately a lot of it. They're
going to spend seven points something this year. Kids, and
I don't care who it is. They don't really give
a crap about us, just be in power, get elected.
Some do better things than others. I'd like to give credit. Oh,
(16:23):
we have given credit on certain things. We think. The
Board of thing was fantastic by Trump, fantastic. And just
told you how bad Biden was, the worst ever, the
worst president ever and by far Joe Biden. And we've
had some bad ones. Now if only this president, but
(16:49):
that's going to be asking too much, and you know
what I mean by that, done some great things, but
if only what else. Well, I mentioned to you the areas.
Your job is to start paying attention to them. And
(17:12):
I must tell you my job is a little bit
tougher because for a long while I did not have
to pay attention to them at all. I just watch
them go lower and lower and lower and lower, and
by the way, still not the home builder's bouncing up here.
Actually a strong day, not in a bull market. It's
(17:33):
a recovery, but a pretty good recovery. I'm looking for leadership,
best stuff and leadership right now. You're getting some in healthcare,
and you got some retail breakouts. Ralph Lauren, raw stores
and I gather more will show up, hotels Hilton, Marriott,
(17:53):
Hyatt And by the way, we're not telling you to buy,
sell shorter, cover your own thinking, do your own work.
We're just letting you know they're out there setting up
and moving out. Will they fail, don't know? Will they succeed?
Don't know Because we don't know. We've seen a lot
(18:19):
of breakouts fail in the recent past, so we can
be hopeful and see how it goes. Typically, the best
stock is the first one to break out. And guess
what in retail apparel, Ralph Lauren just broke out. It's
already up about four percent in two days. That was
(18:43):
the guinea pig. Now we'll see if others follow suit.
Good volume on it today also, So that's the story.
Other things today, Crypto is again down, micro Strategy down
another six pot today. I've never seen a CEO so
(19:05):
sanguine about people losing their money. And we want to
remind you that MSTU, a two times micro strategy, has
gone from thirty three bucks down to a buck. We
have warned you about the twos and the threes and
the fours. Do you know there are five times ETFs?
(19:28):
Now you know what that means. If you put all
your money in a five times ETF and it drops
twenty percent, you lose all your money. You do know that, right?
You do know that right, And the opposite is true
if you if it works out. It pisses me off
(19:50):
that Wall Street has even allowed it. It's worse than
a casino on some of these things. Regional banks haven't
had to mention them in a long while. When you
have a chance, go look at the KRE Regional bank ETF.
It's done nothing, but it broke back above the fifty
(20:11):
day moving average today, which is a first start. But
I mean when I say it's done nothing, oh, I
mean it's done nothing. Do you know? The kr the
Regional Bank Index was fifty one dollars in six it's
sixty three today. It's up twenty percent in nineteen years.
(20:33):
Let's be generous. I can't be. It's down since twenty eighteen.
Just another tidbit up next, what drove the dow? And
tidbits day? This is the one only investors.
Speaker 3 (20:48):
Ender you are missing too.
Speaker 2 (21:12):
America is talking small investors edge. He's gotta be beat
with the crowd.
Speaker 3 (21:18):
Is just on his feet here.
Speaker 2 (21:20):
He said. A boy with Gary called Bob comes highly recommended.
Speaker 1 (21:24):
You're gonna feel better if you talk to him.
Speaker 2 (21:32):
So to give you an idea about the Dow, home
depot today was up probably around ninety Dow points. It
was up fourteen and a half bucks. Stock has been trashed,
but rallied fourteen and a half bucks today even though
(21:54):
they missed numbers, gave bad guidance. Why is it rallying
the mark? It's changed, it's buying back up, it's buying
in two for this second the housing and housing related.
Remember market over sectors over stocks, That's how it works.
But that gives you an understanding. The worst stock in
(22:16):
the Dow up almost I got about ninety Dow points today,
and then you can go through the rest, which takes
me to Nvidia, one of the three stocks down. In
case you don't know Nvidia drop today four dollars and
seventy three cents, and that was after being down about
twelve hold on, it hit one sixty nine fifty five.
(22:41):
It was down thirteen bucks at one time. I didn't
even realize that, yeah, actually hit that. So here's the story.
Facebook Meta looks like they're going to buy their chips
through Google and not in Vidia, which would help hurt AMD,
(23:06):
help broad come hurt Taiwan Semiconductor, who makes the Nvidia chips,
and inn Vidia came out and defended themselves today and
then Vidia's down a buck in the after market too,
and Vidio completely failed its big earnings report. Let me
(23:27):
teach you capitalism, ladies and gentlemen, and this should be
the worry for everybody who owns Google, excuse me in Nvidia.
And this is not a prediction, but how capitalism works.
When you are the hot head, honcho, top dog, big cheese,
(23:48):
when you're the grand pooba, everybody else sees what you're doing,
and you know what they all try to do, come
up with something better, faster, quicker, cheaper. There's the problem
for Nvidio, and I am promising you across the world
(24:16):
the word isn't they are being attacked. But that is
a big issue, especially when I'm reading that they charge
a lot and others are charging less, and when I'm
reading that the new ones actually look better, work better
(24:37):
than We'll see. Watch the stock and I'll tell you everything.
And Vidio stock under pressure right now, was much worse today.
Lucky that the market had a good day because I
got news for you that sucker was getting yunked. The
(24:58):
other part is it's so over owned, over leverage, so
we'll watch it and see we do not own it
right now, no reason to that reversal just took us
out of the competition. There's your Nvidio and for those
(25:19):
we are pay a lot of attention to people that
we believe are pretty darn smart, pretty darn smart, And
I'm gonna read something to you. The Cruise in Abilene, Texas,
(25:47):
of course, are assembling eight different data center buildings spanning
around four million square feet. The campus will ultimately draw
up to one point two gigawatts of power, or enough
to juice for a enough juice for about a million homes.
Lining The insize will be around five hundred thousand Nvidia
chips stuffed into dense racks requiring constant cooling. Financially, the
(26:12):
venture depends heavily on Oracle, which has leased it for
fifteen years. Oracle, in turn, will rely on a single customer,
Sam Altman's Open AI for some three hundred billion in
long term revenues. Meanwhile, Oracle is buying chips from Nvidio,
which has committed one hundred billion dollars to open AI.
(26:38):
There's your circular vendor financing in a nutshell, and why
Oracle stock has gone from three hundred and forty five
to under two hundred. Think about this. In order for
Oracle to do all this, they're gonna rely on one customer,
(27:00):
which is open Ai and needs three hundred billion in
long term revenue, and they're committed to buying chips from Nvidia,
which is committed to one hundred billion giving to open it.
(27:23):
This is the type of crap that brought down ninety nine.
I'm not saying it's going to again, but this is
a sore thumb. And all I can tell you is
Oracle Stock has acted in kind. And I haven't even
mentioned all the debt, just letting you know we hope
(27:46):
it works out. We do not like failure. We like success.
We are quite capitalists here and we want nothing but
good news. What news today? Oil dropped almost a buck in,
yields were down again, and it's good to see again
the big story the broad market. Very good day today,
(28:13):
two out of three, and we think it's got a
Shot'll go for a bit and there's your story today.
Not much more I can tell you on the markets.
Some weak tech early bounce by the end of the day.
(28:35):
We'll see if that can follow through. I noticed some
of the software security stocks bouncing good. But now z
scale ZS is down twenty three bucks in the after market,
so that'd be dead earnings. And again there's some more
earnings that come out, but not much again. Thursday where
(29:00):
off Friday, we're off. Happy Thanksgiving to all if able.
Think about doing something for somebody you need absolutely nothing from.
Do you know my wife was in the Starbucks line
today and some person was backing up on her and
almost hit my wife and came out the window and
(29:21):
apologized and then paid for my wife's order, which by
the way, came to twenty eight bucks. Doing something for
somebody you need absolutely nothing from, that's an idea. Pay
for the person behind you. If you're online little something.
(29:43):
You see an elderly couple in the supermarket in front
of you that you know, want to put a smile
on their face, just walk over and put your credit
card on the thing and just walk give a wink
to the cashier. Don't say boom little things. If able
(30:09):
do something for someone you need absolutely nothing from. I
still can't figure out where I heard that line from.
It was like in the seventies tidbits. It's that point
(30:29):
where we just have a bunch of things printed out
and we'll start US states with the highest state income
tax California thirteen point three, Hawaii eleven, New York ten
point nine, New Jersey ten point seven five, Oregon ten,
Minnesota nine point eight five, Massachusetts nine, Vermont eight point
(30:50):
seventy five, Wisconsin seven point sixty five, Main seven point
one five, California thirteen point three. They hate you there.
They hate you. On top of that, go look at
the gas tax in California. They hate you there. They
use the fact that California is a beautiful state with
(31:13):
great weather, coastline up and down, beautiful national parks, redwoods
up north. What do you got Yosemite, San Diego? And
what do they do they screw you because they hate you?
(31:34):
Gavin Newsom hates you in California. Up next, Tidbits, the
rest of the show. I'm Gary. This is the one
on the Investor's Edge.
Speaker 1 (32:14):
You're listening to.
Speaker 2 (32:17):
What are you waiting for one to ready go in?
We can't recalled Bob all right, Welcome once again to
Investor's Edge. Tidbits. Ninety eight percent of Warren Buffett's current
(32:45):
net worth came after he turned sixty five. I just
turned sixty five. Mm huh. We're unable to try back
six point two billion sent to Ukraine. California unable to
track twenty four billions spent to combat homelessness. Pentagon unable
(33:09):
to track two point three trillion of military spending. US
Treasury unable to track five trillion of pandemic spending. Just
letting you know, just letting you know. March seventh to
twenty three. I'm not going to mention who I believe.
(33:31):
And video was three hundred and video will be one
hundred dollars stock less in less than a year. What
is it up to two thousand? Just letting you know
what somebody put out Apartheid Israel accused of apartheid, there
(33:57):
were four hundred mosque in Israel. Eighty three are located
in Jerusalem. The number of moss in Israel increase fivefold
since nineteen eighty eight, where they're only eighty apartheid. Howard
marks a genius on the market with skipping around. When
you buy the S and P five hundred at a
twenty three times pe, your ten year annualized return has
(34:19):
always fallen between minus two and two percent. We're twenty
five right now. We'll see central banks are cutting rates
as if there is a recession. Central banks have cut
rates three hundred and twelve times over the last twenty
four months. The fastest patents twenty ten. Just letting you know,
(34:39):
OpenAI CEO sam Al Altman was asked how a company
with thirteen billion in revenues can have commitments of one
point four trillion. Instead of answering the question, Altman said
to Brad Gersner, an investor happy to find a buyer
(35:01):
for your shares, what me worry? Comparisons thirty to fifty
year mortgage. On a thirty year mortgage of the monthly
payment twenty three ninety eight on a fifty year twenty
one oh six, You saved two hundred and ninety two
(35:22):
dollars a month loan cost. When all said and done,
add four hundred thousand bucks PayPal. Just letting you know.
They are saying spending has decelerated in the US. Just
letting you know. Nor Weigh's wealth tax, expected to raise
(35:44):
one hundred and forty six million, led to a four
hundred and forty eight million net loss as fifty four
billion in wealth left the country. Hey, let's do a
wealth tax. World's reliance on China for real earth medalsziz
Will gets ninety seven percent of its rare earths from China.
File by file by Turkey, Germany and UK at ninety
(36:05):
three ninety one eighty nine. The US imports seventy eight
percent of all THEIRS. Technology bonds are getting hit hard.
Oracle's three point five billion of thirty year debt issue
in September is created eight percent meet the two thy
(36:26):
twenty five United Nations Human Rights Council, Cuba, Cutter, China, Soudan, Algeria, Bolivia, Kuwait, Burundi, Vietnam, Kyrgyzstan, Bangladesh,
Democratic Republic Oficago. What's our motto here? The UN sucks
(36:53):
General Motors accumulated losses totally approximately ten billion over the
years from its cruise robot, the Vision Bye Bye. The
World Bank has announced they misplaced a staggering forty one
billion in climate change funds. You think anybody's going to jail. No,
(37:15):
they're all living in villas on Lake Como. Seriously, nobody
gives a crap about anything. Forty one billion World Bank
climate change funds. What did we tell you about climate change?
It's a freaking scam. It's a hoax, it's a lie.
(37:35):
It's all about money. They had to come up with
something to scare the living crap out of people. So
morons like that Greta turns the Venice Canals green and
al Gore's worth how much? Two hundred three hundred million,
While in nineteen eighty two told us Florida be under water?
(37:58):
Ask clown. Last month, the Taliban banned women from speaking
in public. This month, they will be invited to attend
the UN Climate Conference. The UN. What it's my motto?
The UN sucks. Over the past ten years, the US
(38:23):
government tax revenue has increased sixty percent, Our money has
increased sixty percent. To them, their spending has increased ninety
five percent who pays for tariffs. Studies consistently found that
eighty percent of the China tariff costs during Trump one
(38:44):
point zero were born by US entities. Huh huh from
the administration. They told us Micron is going to put
two hundred billion into whatever, whatever, whatever. Micron's market cap
is one hundred and twenty one billion. In last year,
(39:05):
it generated three hundred and eighty six million in cash flow.
What did we tell you about all the promises to
the president? They're blowing smoke. They know he's going to
be gone in three years. God bless the president coming
out and saying we have twenty trillion in commitments. Twenty trillion, No,
(39:28):
they don't. You know what a commitment is, something that's
going to get done. There's no way, unfortunately Apple. Do
you know Apple has brought back seven hundred billion in
stock over the past ten years, which is greater than
the market cap of four hundred and eighty eight companies
in the SMB five hundred. That's amazing and of course
(39:53):
leads to higher earnings. And I think that's about it.
Those are some good tidbits. Huh, controversial but good anyway,
have a great evening. Drive carefully, if a will think
about doing something for somebody. You need absolutely nothing from
till tomorrow. Make sure you hug your family. Make sure
you hug your children. They will feel better, You will
(40:15):
feel better. I promise they will be well. I'm gonna
do more tidbits tomorrow. Peace out, all, good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary cault 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 Cultbomb, straight talk about you and
your money now from the Viz Talk studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And welcome once again to Investor's Edge. IM Gary kolbaumb
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen, Happy that you are listening.
It is November twenty five, twenty twenty five. It's Tuesday.
I hope you're having a good day. As always, we
have a lot to cover, starting with the last week.
(00:37):
We'll call it a nice little whipsaw for those of
you who invested in the Vanguard S and P thirty
years ago. You need not worry about anything we have
to say, because that's been doing pretty darn well. But
a lot of jello moving on the plate, ladies and gentlemen,
and we are going to cover it all. And in
(00:57):
case you don't know, this is serious talk on everything
that affects you will do. The markets, the economy, your job,
your industry, the morlocks in DC, and boy are they
the worst. They're the worst, and anything else that comes
to mind. By the way, we hit I'm told thirty
(01:19):
nine trillion of debt now, yeah, sure, right, thirty nine
trillion thirty nine. I want to make sure you understand
that's thirty nine trillion dollars over and above what they
were supposed to spend. Now, imagine if you, as an American,
(01:40):
did that in my tidbit section of Investor's Edge today,
today we're doing tidbits. It's when I bust out just
little one or two line things on just things that
are going on that are quite interesting. You'll hear some
of the numbers, and just remember, all done on purpose,
(02:01):
one worse than the other. It really started getting amplified
under Bush to Obama to Trump, to Biden to Trump,
all have lied out their butts about what they would
do with their debt and deficits. They're not Republicans, they're
(02:27):
not Democrats. You got that Bush, Obama, Trump, Biden, Trump,
go back and see how much debt we had before
the year two thousand and they don't give a crap
(02:51):
because it's their mother's milk. The reason why Trump didn't
do anything about what Biden did, even though they complained
about it for how long, is because if they lowered
spending in government, it comes off of GDP and God forbid.
And I know you keep hearing well, they fired this,
that this that we're still running two trillion dollar deficit
(03:14):
this year, maybe a little less, maybe a little bit more.
They are all guilty and I couldn't give a crap
about any of them professionally. If you do not get
this radio show and you city, we'll post it at
gary k dot com. We'll also post it on x feed,
and if you don't follow us on next you should.
We'll also post it on the YouTube channel abyss TV.
(03:34):
And if you'd like to email me, just be nice.
And by the way, for you Trump fans, instead of
getting pissed at me, get pissed at him. How's that?
Every now and then I get an email. By the way,
everybody's been very respectful, disagreement, but respectful. I've had nobody
cursing me out or anything as of yet. But instead
(03:58):
of getting mad at others that are telling you facts,
get mad at the people that are committing what are
not crimes but should be. And that's that. Hey, we're
gonna go with the markets. We're gonna start with the markets.
Because Dow is up six sixty four s and p
up sixty NASDAK one fifty three, NASDAK one forty four,
(04:19):
Russell two thousand, more than two percent, transports more than
two percent advance. The client's good up down volume. Good
got better throughout the day. The NASDAK was very weak
early because the things that are going on with Nvidia
and advanced micro devices and Google and this stock and nastok.
(04:41):
The big story is this. Listen carefully on Friday, the
day after a vicious, ugly one of the worst, one
of the worst vicious reversals I have ever seen occult
(05:02):
on Thursday with the big Nvidia drop from the gap
opening on their earnings report. Out of nowhere, and let
me be blunt and saying out of nowhere, let me
say it one more time, out of nowhere, the broad
market lit up like a pinball machine on Friday. What
(05:29):
do we mean by the broad market, Well, as we've
told you for months and months and months, avoid this,
avoid this, avoid this, avoid this, avoid this, avoid this,
avoid this. Why they were in down trends and recently
they had got better. But on Friday, and I even said,
(05:50):
it felt like something of import Let's see if this
follow through. And we're talking about the restaurants that have
been the brutal bear market, the housing and housing related
bear market, the transports, truckers, rails bear market, most retail
(06:11):
bear market, the payroll company's bear market, the auto dealers
bear market, managed care, bear market, waste management bear market,
cruise lines, airlines, hotels, bearish market, economically sensitive names not
non artificial intelligence, bear market, insurance, bearish market, a lot
(06:38):
of financials bearish market, not necessarily Something's big bears are
lesser tech, page bearish with some stocks way down. I'm
talking way way down. And on Friday I considered it
(06:59):
a wake up hall, but nothing more than that, because
what you always need on the wake up calls, give
me some follow through, give me some meaning to it.
Let's put a stamp on it. And today, let me
just state for the record, was another day where restaurants,
(07:27):
economically sensitive, insurance, other financials, airlines, cruise lines, hotels, transports, housing,
housing related, waste management, auto dealers, lesser tech, just very
(07:48):
strong to the point where you got some breakouts. You
have some breakouts of range, and we're talking long trading
ranges in some hotel, one, cruise line and other stuff.
(08:10):
Steel stocks look on the verge of breaking out. I
got some retail names breaking out of range. Now notice
I didn't even mention healthcare yet because healthcare is actually
doing a little bit of leading at this point. So
(08:32):
very good broad market day. But what's interesting about me
saying this, The DOO, just so you know, is just
getting back the last six days, last five days of drop,
including that vicious reversal day. That's all that's happened. The
(08:53):
TAO has done nothing in two months. And by the way,
the Dow since thank Thanksgiving of twenty four forty five
thousand to forty seven to one twenty one, not even
five percent, not even five but great recovery off of
(09:20):
Thursday's nausea. Even more interesting that Tech was getting wrecked
again today, wrecked. Good comeback by the end of the day.
And we'll get into that Nvidia crap in a little bit.
But the story is the broad market two out of
(09:41):
three days awoke. Will it last? As we tell you
no clue. We'll let more cards come out of the deck.
All we can tell you, damn strong complain. What's interesting
(10:04):
is that the S and P lags the Dow, which
is not normal except the S and P has a
lot more Tech in it, and Tech has been on
the weaker side, notwithstanding one big strong day recently. But
(10:25):
that's the story. I could not explain it any better anymore.
The bottom line is you get a wake up call.
Let's hope it lasts up next more in the markets
and tidbits day got some interesting stuff. I'm Gary. This
(10:45):
is the one on the Investor's Enter. Hi.
Speaker 3 (11:02):
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 personalized services, including
retirement planning, fixed income, and educational needs, all to assist
(11:25):
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 an appointment for
a complementary portfolio review. The number to call is eight
eight eight four two two five five five nine. That's
(11:48):
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 2 (12:05):
It's time to switch on the integrator units and to
get the brain cells working.
Speaker 1 (12:09):
You're listening to Okay, it could be fun Investor's Edge.
Speaker 2 (12:15):
The last bastion of quality programming.
Speaker 1 (12:18):
With Gary called Bob. It doesn't get better than this.
Speaker 2 (12:33):
And once again to Investor's Edge, thanks for being with
us today, and may I state for the record, the
last week, just the last week has been stunning. Just
(12:59):
the last week, wild swings, wild moves, any idea, what gives? No,
don't care. When we scan at night, we forget about
it all. And that's it most earnings. There's other earnings
(13:27):
coming out, but you know, the plethora of earnings is
already out. We think what's driving a little bit of
the bus here is number one, the FED, the predictions,
at least of the FED lowering rates in December when
the predictions were they weren't have gone from like twenty
(13:50):
up to eighty percent. But I think there's something else
going on. I think it was leaked that Kevin Hassett,
I think his title maybe head of Economic Advisors, will
be nominated to be the next FED heead and as
(14:11):
I have told you, whoever he nominates, President Trump, Trump's
going to be running the FED. And I can promise
you they're going to do everything they can to take
FED funds rates down to nothing. And let's hope I'm
gonna be wrong on that, because if I told you,
if they go too easy with an inflationary environment which
(14:33):
is not gone yet, they may stoke inflation like crazy. Again,
Just remember, inflation is a monetary outcome. It happens because
you have morons running government. And when you do too
easy economic policy like Powell did zero percent rates printing
(14:56):
to nine trillion, he caused the inflation. And there was
a I wreck correlation with inflation coming down when Powell
stopped printing and started letting it run off. Now they're
going to be doing the opposite. It looks like I
hope I am wrong. I hope I'm a big time wrong.
Next thing I do want to mention, Oh this all
(15:17):
this talk, Oh the talk, all the talk is of
recessions and slowdowns and all that. Well, how can you
have a recession when government's spending seven trillion bucks? But
(15:38):
I digress. There's no way anything of consequence is going
to occur if the broad market's getting going, just letting
you know. And we know this because the broad market
is always flushed out a recession of consequence beforehand. So
(16:00):
just letting you know. Of course, I do worry a
lot of its government, unfortunately a lot of it. They're
going to spend seven points something this year. Kids, and
I don't care who it is. They don't really give
a crap about us, just be in power, get elected.
Some do better things than others. I'd like to give credit. Oh,
(16:23):
we have given credit on certain things. We think. The
Board of thing was fantastic by Trump, fantastic. And just
told you how bad Biden was, the worst ever, the
worst president ever and by far Joe Biden. And we've
had some bad ones. Now if only this president, but
(16:49):
that's going to be asking too much, and you know
what I mean by that, done some great things, but
if only what else. Well, I mentioned to you the areas.
Your job is to start paying attention to them. And
(17:12):
I must tell you my job is a little bit
tougher because for a long while I did not have
to pay attention to them at all. I just watch
them go lower and lower and lower and lower, and
by the way, still not the home builder's bouncing up here.
Actually a strong day, not in a bull market. It's
(17:33):
a recovery, but a pretty good recovery. I'm looking for leadership,
best stuff and leadership right now. You're getting some in healthcare,
and you got some retail breakouts. Ralph Lauren, raw stores
and I gather more will show up, hotels Hilton, Marriott,
(17:53):
Hyatt And by the way, we're not telling you to buy,
sell shorter, cover your own thinking, do your own work.
We're just letting you know they're out there setting up
and moving out. Will they fail, don't know? Will they succeed?
Don't know Because we don't know. We've seen a lot
(18:19):
of breakouts fail in the recent past, so we can
be hopeful and see how it goes. Typically, the best
stock is the first one to break out. And guess
what in retail apparel, Ralph Lauren just broke out. It's
already up about four percent in two days. That was
(18:43):
the guinea pig. Now we'll see if others follow suit.
Good volume on it today also, So that's the story.
Other things today, Crypto is again down, micro Strategy down
another six pot today. I've never seen a CEO so
(19:05):
sanguine about people losing their money. And we want to
remind you that MSTU, a two times micro strategy, has
gone from thirty three bucks down to a buck. We
have warned you about the twos and the threes and
the fours. Do you know there are five times ETFs?
(19:28):
Now you know what that means. If you put all
your money in a five times ETF and it drops
twenty percent, you lose all your money. You do know that, right?
You do know that right, And the opposite is true
if you if it works out. It pisses me off
(19:50):
that Wall Street has even allowed it. It's worse than
a casino on some of these things. Regional banks haven't
had to mention them in a long while. When you
have a chance, go look at the KRE Regional bank ETF.
It's done nothing, but it broke back above the fifty
(20:11):
day moving average today, which is a first start. But
I mean when I say it's done nothing, oh, I
mean it's done nothing. Do you know? The kr the
Regional Bank Index was fifty one dollars in six it's
sixty three today. It's up twenty percent in nineteen years.
(20:33):
Let's be generous. I can't be. It's down since twenty eighteen.
Just another tidbit up next, what drove the dow? And
tidbits day? This is the one only investors.
Speaker 3 (20:48):
Ender you are missing too.
Speaker 2 (21:12):
America is talking small investors edge. He's gotta be beat
with the crowd.
Speaker 3 (21:18):
Is just on his feet here.
Speaker 2 (21:20):
He said. A boy with Gary called Bob comes highly recommended.
Speaker 1 (21:24):
You're gonna feel better if you talk to him.
Speaker 2 (21:32):
So to give you an idea about the Dow, home
depot today was up probably around ninety Dow points. It
was up fourteen and a half bucks. Stock has been trashed,
but rallied fourteen and a half bucks today even though
(21:54):
they missed numbers, gave bad guidance. Why is it rallying
the mark? It's changed, it's buying back up, it's buying
in two for this second the housing and housing related.
Remember market over sectors over stocks, That's how it works.
But that gives you an understanding. The worst stock in
(22:16):
the Dow up almost I got about ninety Dow points today,
and then you can go through the rest, which takes
me to Nvidia, one of the three stocks down. In
case you don't know Nvidia drop today four dollars and
seventy three cents, and that was after being down about
twelve hold on, it hit one sixty nine fifty five.
(22:41):
It was down thirteen bucks at one time. I didn't
even realize that, yeah, actually hit that. So here's the story.
Facebook Meta looks like they're going to buy their chips
through Google and not in Vidia, which would help hurt AMD,
(23:06):
help broad come hurt Taiwan Semiconductor, who makes the Nvidia chips,
and inn Vidia came out and defended themselves today and
then Vidia's down a buck in the after market too,
and Vidio completely failed its big earnings report. Let me
(23:27):
teach you capitalism, ladies and gentlemen, and this should be
the worry for everybody who owns Google, excuse me in Nvidia.
And this is not a prediction, but how capitalism works.
When you are the hot head, honcho, top dog, big cheese,
(23:48):
when you're the grand pooba, everybody else sees what you're doing,
and you know what they all try to do, come
up with something better, faster, quicker, cheaper. There's the problem
for Nvidio, and I am promising you across the world
(24:16):
the word isn't they are being attacked. But that is
a big issue, especially when I'm reading that they charge
a lot and others are charging less, and when I'm
reading that the new ones actually look better, work better
(24:37):
than We'll see. Watch the stock and I'll tell you everything.
And Vidio stock under pressure right now, was much worse today.
Lucky that the market had a good day because I
got news for you that sucker was getting yunked. The
(24:58):
other part is it's so over owned, over leverage, so
we'll watch it and see we do not own it
right now, no reason to that reversal just took us
out of the competition. There's your Nvidio and for those
(25:19):
we are pay a lot of attention to people that
we believe are pretty darn smart, pretty darn smart, And
I'm gonna read something to you. The Cruise in Abilene, Texas,
(25:47):
of course, are assembling eight different data center buildings spanning
around four million square feet. The campus will ultimately draw
up to one point two gigawatts of power, or enough
to juice for a enough juice for about a million homes.
Lining The insize will be around five hundred thousand Nvidia
chips stuffed into dense racks requiring constant cooling. Financially, the
(26:12):
venture depends heavily on Oracle, which has leased it for
fifteen years. Oracle, in turn, will rely on a single customer,
Sam Altman's Open AI for some three hundred billion in
long term revenues. Meanwhile, Oracle is buying chips from Nvidio,
which has committed one hundred billion dollars to open AI.
(26:38):
There's your circular vendor financing in a nutshell, and why
Oracle stock has gone from three hundred and forty five
to under two hundred. Think about this. In order for
Oracle to do all this, they're gonna rely on one customer,
(27:00):
which is open Ai and needs three hundred billion in
long term revenue, and they're committed to buying chips from Nvidia,
which is committed to one hundred billion giving to open it.
(27:23):
This is the type of crap that brought down ninety nine.
I'm not saying it's going to again, but this is
a sore thumb. And all I can tell you is
Oracle Stock has acted in kind. And I haven't even
mentioned all the debt, just letting you know we hope
(27:46):
it works out. We do not like failure. We like success.
We are quite capitalists here and we want nothing but
good news. What news today? Oil dropped almost a buck in,
yields were down again, and it's good to see again
the big story the broad market. Very good day today,
(28:13):
two out of three, and we think it's got a
Shot'll go for a bit and there's your story today.
Not much more I can tell you on the markets.
Some weak tech early bounce by the end of the day.
(28:35):
We'll see if that can follow through. I noticed some
of the software security stocks bouncing good. But now z
scale ZS is down twenty three bucks in the after market,
so that'd be dead earnings. And again there's some more
earnings that come out, but not much again. Thursday where
(29:00):
off Friday, we're off. Happy Thanksgiving to all if able.
Think about doing something for somebody you need absolutely nothing from.
Do you know my wife was in the Starbucks line
today and some person was backing up on her and
almost hit my wife and came out the window and
(29:21):
apologized and then paid for my wife's order, which by
the way, came to twenty eight bucks. Doing something for
somebody you need absolutely nothing from, that's an idea. Pay
for the person behind you. If you're online little something.
(29:43):
You see an elderly couple in the supermarket in front
of you that you know, want to put a smile
on their face, just walk over and put your credit
card on the thing and just walk give a wink
to the cashier. Don't say boom little things. If able
(30:09):
do something for someone you need absolutely nothing from. I
still can't figure out where I heard that line from.
It was like in the seventies tidbits. It's that point
(30:29):
where we just have a bunch of things printed out
and we'll start US states with the highest state income
tax California thirteen point three, Hawaii eleven, New York ten
point nine, New Jersey ten point seven five, Oregon ten,
Minnesota nine point eight five, Massachusetts nine, Vermont eight point
(30:50):
seventy five, Wisconsin seven point sixty five, Main seven point
one five, California thirteen point three. They hate you there.
They hate you. On top of that, go look at
the gas tax in California. They hate you there. They
use the fact that California is a beautiful state with
(31:13):
great weather, coastline up and down, beautiful national parks, redwoods
up north. What do you got Yosemite, San Diego? And
what do they do they screw you because they hate you?
(31:34):
Gavin Newsom hates you in California. Up next, Tidbits, the
rest of the show. I'm Gary. This is the one
on the Investor's Edge.
Speaker 1 (32:14):
You're listening to.
Speaker 2 (32:17):
What are you waiting for one to ready go in?
We can't recalled Bob all right, Welcome once again to
Investor's Edge. Tidbits. Ninety eight percent of Warren Buffett's current
(32:45):
net worth came after he turned sixty five. I just
turned sixty five. Mm huh. We're unable to try back
six point two billion sent to Ukraine. California unable to
track twenty four billions spent to combat homelessness. Pentagon unable
(33:09):
to track two point three trillion of military spending. US
Treasury unable to track five trillion of pandemic spending. Just
letting you know, just letting you know. March seventh to
twenty three. I'm not going to mention who I believe.
(33:31):
And video was three hundred and video will be one
hundred dollars stock less in less than a year. What
is it up to two thousand? Just letting you know
what somebody put out Apartheid Israel accused of apartheid, there
(33:57):
were four hundred mosque in Israel. Eighty three are located
in Jerusalem. The number of moss in Israel increase fivefold
since nineteen eighty eight, where they're only eighty apartheid. Howard
marks a genius on the market with skipping around. When
you buy the S and P five hundred at a
twenty three times pe, your ten year annualized return has
(34:19):
always fallen between minus two and two percent. We're twenty
five right now. We'll see central banks are cutting rates
as if there is a recession. Central banks have cut
rates three hundred and twelve times over the last twenty
four months. The fastest patents twenty ten. Just letting you know,
(34:39):
OpenAI CEO sam Al Altman was asked how a company
with thirteen billion in revenues can have commitments of one
point four trillion. Instead of answering the question, Altman said
to Brad Gersner, an investor happy to find a buyer
(35:01):
for your shares, what me worry? Comparisons thirty to fifty
year mortgage. On a thirty year mortgage of the monthly
payment twenty three ninety eight on a fifty year twenty
one oh six, You saved two hundred and ninety two
(35:22):
dollars a month loan cost. When all said and done,
add four hundred thousand bucks PayPal. Just letting you know.
They are saying spending has decelerated in the US. Just
letting you know. Nor Weigh's wealth tax, expected to raise
(35:44):
one hundred and forty six million, led to a four
hundred and forty eight million net loss as fifty four
billion in wealth left the country. Hey, let's do a
wealth tax. World's reliance on China for real earth medalsziz
Will gets ninety seven percent of its rare earths from China.
File by file by Turkey, Germany and UK at ninety
(36:05):
three ninety one eighty nine. The US imports seventy eight
percent of all THEIRS. Technology bonds are getting hit hard.
Oracle's three point five billion of thirty year debt issue
in September is created eight percent meet the two thy
(36:26):
twenty five United Nations Human Rights Council, Cuba, Cutter, China, Soudan, Algeria, Bolivia, Kuwait, Burundi, Vietnam, Kyrgyzstan, Bangladesh,
Democratic Republic Oficago. What's our motto here? The UN sucks
(36:53):
General Motors accumulated losses totally approximately ten billion over the
years from its cruise robot, the Vision Bye Bye. The
World Bank has announced they misplaced a staggering forty one
billion in climate change funds. You think anybody's going to jail. No,
(37:15):
they're all living in villas on Lake Como. Seriously, nobody
gives a crap about anything. Forty one billion World Bank
climate change funds. What did we tell you about climate change?
It's a freaking scam. It's a hoax, it's a lie.
(37:35):
It's all about money. They had to come up with
something to scare the living crap out of people. So
morons like that Greta turns the Venice Canals green and
al Gore's worth how much? Two hundred three hundred million,
While in nineteen eighty two told us Florida be under water?
(37:58):
Ask clown. Last month, the Taliban banned women from speaking
in public. This month, they will be invited to attend
the UN Climate Conference. The UN. What it's my motto?
The UN sucks. Over the past ten years, the US
(38:23):
government tax revenue has increased sixty percent, Our money has
increased sixty percent. To them, their spending has increased ninety
five percent who pays for tariffs. Studies consistently found that
eighty percent of the China tariff costs during Trump one
(38:44):
point zero were born by US entities. Huh huh from
the administration. They told us Micron is going to put
two hundred billion into whatever, whatever, whatever. Micron's market cap
is one hundred and twenty one billion. In last year,
(39:05):
it generated three hundred and eighty six million in cash flow.
What did we tell you about all the promises to
the president? They're blowing smoke. They know he's going to
be gone in three years. God bless the president coming
out and saying we have twenty trillion in commitments. Twenty trillion, No,
(39:28):
they don't. You know what a commitment is, something that's
going to get done. There's no way, unfortunately Apple. Do
you know Apple has brought back seven hundred billion in
stock over the past ten years, which is greater than
the market cap of four hundred and eighty eight companies
in the SMB five hundred. That's amazing and of course
(39:53):
leads to higher earnings. And I think that's about it.
Those are some good tidbits. Huh, controversial but good anyway,
have a great evening. Drive carefully, if a will think
about doing something for somebody. You need absolutely nothing from
till tomorrow. Make sure you hug your family. Make sure
you hug your children. They will feel better, You will
(40:15):
feel better. I promise they will be well. I'm gonna
do more tidbits tomorrow. Peace out, all, good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary cault 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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