Episode Transcript
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Speaker 1 (00:01):
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And well once again to Investor's Edge, I'm Gary Kulbomb,
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen. Happy that you are listening.
It is Wednesday, September twenty fourth, twenty twenty five. Hope
you havn't a good day. As always, we have a
ton to cover in the allotted time that we have.
Thank you for listening. If you do not get this
(00:33):
radio show in your city, we'll post it at gary
ka dot com. We'll also post it on our X feet.
Don't follow us on x you should just put our
name in if you'd like to email us, just be nice.
By the way, we'll also post it on podcast apps
on the YouTube channel called biz tv. Check it all out.
Let's talk markets, but not exactly today's market yet. So
(01:04):
I got sent something and this has been reported, and
I made sure not to look at whether this was
a Republican or Democrat. By the way, this has everything
to do with markets. Representative Tim Moore don't know if
(01:27):
he's a Republican, A Democrat never heard of him, bought
Intel stock on July thirty first and August seventh. He
bought Intel stock July thirty one, August seventh mister Moore
(01:52):
or a Congressman. Moore sits on the House Committee on
Financial Services as well as Digital Assets and Financial Technology
and Artificial Intelligence. A week later, it is floated that
the Trump administration would take a steak in Intel. On
(02:20):
August twenty second, the steak was taken. During that time,
CEOs of soft Bank and Video and others were in
visiting Washington, DC. Soft Bank on eight eighteen took a steak,
(02:48):
and on September eighteenth and Vidia takes a huge steak
and Intel stock gaps up big time. We have said
to you on this show, because of the massive debt
(03:10):
and deficits through the years, we have no respect for
any of these politicians. And we know there's a couple
there that are against it, but they have no say.
We'd like to have respect for these politicians. We'd like
to praise them. This bull crap insider trading that we
(03:35):
would go to jail for has got to stop. I'm
not accusing this representative of anything. I'm just reporting to
you the news. They don't even care how things look.
(04:02):
They don't even care. The Queen Pelosi has made bazillions,
but there were plenty of others. There's a move afoot
in Washington, DC to stop these people from trading. I
(04:23):
don't mind them trading and trade all they want, not
on the stocks that they are oversight on. You and
I go to jail. Let me repeat, You and I
go to jail if we know material information that is
(04:44):
not public and we trade on it. This is not
the first time we have reported something like this. It's
not the first time we've reported on many others. We're
(05:06):
in hopes that this representative did not know anything about
the deal the deals, but I'm a very big believer
in one plus one equals two. And when we see
(05:29):
so many of these people in DC doing this, and again,
I don't know if he's a Republican or Democrat. We
will report on all of them. We will report on
all of them. Now I am going to go look
(05:50):
in real time to see whether he's a Republican or Democrat.
Representative Tim Moore uh is an American, a politician US
Representative of North Carolina fourteenth district, and he's new since
twenty and twenty five, just recent He previously served as
(06:14):
a speaker of the North Carolina House of Representatives from
fifth twenty and fifteen to twenty and twenty five. He's
a Republican party. We wanted to start with that today.
(06:35):
We're so fed up. We're so fed up. How many
times have we complained to you about other countries where
a few become bazillionaires by plundering? Is this any different?
(06:56):
Do you know a bunch of politicians are made fun
of on social media? Do you know there were social
media accounts that only follow these politicians and when they report,
it's like you got to be kidding me. People that
are on the committees for drugs and things like that
are buying stocks of companies they oversee and somehow you
(07:22):
get big news within thirty days and they don't even care.
And you would think that the media, you know, the
defenders of the people, would be yelling and screaming about this,
But they don't. Do you know why, because their party
(07:47):
does it big time. If their party didn't do it,
but the other party did, they would be reporting on it.
Just remember how it works. The corruption on the left
is guarded ganswin this guy's on the right. We segue
(08:15):
the president now wants to take a position in a
lithium company. Socialist Donald Trump wants the government involvedment now
with a lithium company. So a stock Lithium Americas that,
by the way, has no sales, and it says a
(08:39):
Canadian based company. Really, I thought it was we're about
all America. Anyway, The stock was up ninety six percent
today because of socialist Donald Trump wants to take a
position in it because it's lithium. Really, they're seeking an
(09:03):
equity stake of as much as ten percent. But we're
not done because we also read today that socialist Donald Trump.
And by the way, socialism is about governments running our
companies central banks. I can go on us and discussions
(09:26):
to set up a five billion dollar fund to invest
in mining. Huh. So I can tell you that scCO
is up nine bucks to one nineteen, but FCX was
down seven bucks to thirty seven winners and losers. By
(09:49):
the way, we say the word socialists with love, but
we don't want our government involved in owning companies. We don't.
Now we know they did a little bit of that
when you had the wait nightmare. Should only be in
some sort of emergencies and not even then. But we
(10:15):
got now until they're going after lithium and mining. God
only knows what's next. Oh, and this is going to
set such a precedent. I've been telling you about these
tariffs that he's doing. Oh. I cannot imagine what Gavin
(10:36):
Newsom if he became president, what he would do with tariffs.
Holy hell? Hey up next the markets news of the day.
This is the one only Investor's Edge.
Speaker 3 (11:02):
Hi, I'm Gary Kolbaum, hosted a nationally syndicated radio show,
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Speaker 4 (12:05):
It's time to switch on the integrator units and get
the brain cells where you're listening to. Okay, Investors Edge.
The last bastion of quality programming with Gary called bomb.
It doesn't get better than this.
Speaker 2 (12:28):
And uh, if any of you conservative Republicans who all
of a sudden like tariffs and believe it's good for
the government to be running businesses and have no independent
(12:49):
central bank, you're not conservative. Just let you know that
was down one seventy one today. Let's see of note,
Amgen was down eight and Change just spent a week
we've been telling you about the big biotechs. Goldman Sachs
for a Change was down fourteen. Weaker banks. The only
(13:11):
thing that was up today was JP Morgan, which is
in the Dow. IBM down five, has been rallying, so
kind of a rough day for the Dow. SMP was
down nineteen, was worse. NASDAK down seventy five was wors
I think the NASDAC today if I am correct, give
(13:34):
me a sec here hit twenty two three nine seven,
Bump was down about one twenty two three nine seven
was down one seventy five, finished only down seventy five.
Russell two thousand, about one percent. That was week A
(13:54):
gold pulled back today. Not a biggie. What else? Oil
stocks mostly green oil prices up decently China Ali Baba
announces some Ai stuff and the stock goes up another
thirteen today. What did we tell you that that's all
(14:17):
it takes. I got to tell you. Tesla is up
another seventeen today and that looks headed for the old highs,
which is quite amazing. They bounce some of the consumer staples,
they bounce the insurance. I'll tell you what they hit good,
and we'll keep this in the file. Manager private equity
(14:42):
companies they hit today.
Speaker 5 (14:46):
That is.
Speaker 2 (14:48):
KKR EVR. That's Evercore that got smacked. Blackstone got hit
pretty good today. What's that other one? Apollo five six
seven percent? That's always something I watch. And as I mentioned,
(15:11):
Goldman had a rough day, But I don't think it's
a biggie. Bitcoin ethereum bounced a little bit. I have
to tell you miners of bitcoin, just a big wow.
They've had a really good move. But also, what have
(15:34):
we been whining about a little bit here, and you
know we whine the no sale stuff. They clip some
of them for ten percent today, some a little bit more.
But they've had a great move. So it's not like
that's abnormal. But remember what we've told you about those stocks.
(15:56):
If we go into a bear market again or when.
I also have to mention some leading stocks that we
haven't talked about a lot, but Simple alab down twenty
five dollars today about eleven percent, talk about a softening
(16:19):
in their business, which also took down CRD that was
not about eight percent. These have been very strong names
on very strong earnings results, and they pulled in a
bunch of extended stuff, remember the data storage stuff. Because
of all the news that we're hearing on how much
(16:41):
money's gonna be spent to be watched. And by the way,
my blanket statement on the numbers that are being told
to us on the spend of artificial intelligence, I have
(17:04):
only one statement in mind. I only have one statement.
They better do those numbers. I did a little talk
yesterday on this vendor financing thing again, hope you look
(17:25):
it up. We worry when companies are investing in other
companies who buy that first company's products. Oh and look
at all these revenues we have, even though we gave
them the money to buy it our stuff. That's something
that happened in ninety eight, ninety nine, two thousand and
(17:47):
all hell broke loose. We are not saying the same
thing happens. We're just reporting to you. That's all we're doing.
What is happening quite weird. They hit the contract manufacturers today,
(18:09):
the electronic contract manufacturers. They have been strong and just
all those Micron reported very good numbers, was up ten
in the after market yesterday, finished down five. So but
we don't see that as a big deal because it's
had a good move and sometimes these things have to
settle down, have to pull back, have to hang out.
(18:35):
And Nvidia, after a beautiful reaction to the news on Monday,
almost has got it all back. We're only talking two
three percent and remains range bound. But boy, that looked
like it was gonna wondering if the market's thinking about
(19:00):
what we're mentioning to you here. Just wondering. I want
you to remember, we've studied every market, and in particular,
we really have studied a the eighty seven crash. We
(19:25):
went back and spent many hours on the eighty seven crash.
We were in the penny stock business back then, so
we knew nothing about the markets and we wanted to
see we did it without bias. It wasn't easy, but
(19:45):
we did it without bias. Would we have been out
of the market before the crash? And it was an
absolute yes, because things were breaking down before and we
know what to do. But we've also studied big time
(20:08):
ninety eight, ninety nine, especially ninety nine from November to
March of three. But we've studied all the things that
were going on during that time and all the predictions
that blew up in the face leading to an eighty
percent drop in the NASDAC. We're just letting you know
(20:38):
up next, speaking of letting you know, that'll be up
next on this the one only investor's edge.
Speaker 4 (21:11):
You're listening to, America is talking fallowing investors Edge.
Speaker 6 (21:16):
He's gotta be bet with the crowd is just on
his feet here.
Speaker 5 (21:20):
He just said her on a boy with Gary called
Bob come highly recommended. You're gonna feel better if you
talk to him.
Speaker 2 (21:38):
So back in ninety nine, before the eighties, somewhat percent
dropping the NASDAC. We've gone backwards and we've already told
(22:00):
you these things. But a few things that were going
on back then. Everybody was announcing Internet stuff, everyone everyone, everything.
You had companies changing their names and just adding dot
com to them to goose their stocks. You had mutual
(22:26):
fund companies change names of mutual funds from technology fund
to the Internet Fund, no, not kidding, for marketing purposes.
And you had big numbers being talked about. You also had,
(22:50):
let me be careful with this, a very famous person
that came out with the tense stocks for the fun
future type of thing, and I think eight out of
ten had no sales, and I think all of them
blew up. That person was taken in by the times
(23:19):
and not learning from the times. So we're just remember
everything we do is about real time, not what may
or may not happen. We're just letting you know the
numbers that are being announced gargantuan and it has me
(23:46):
scratching my head, really how much for what? And then
all of a sudden we start to see this vendor
financing again. Everything we do is in real time. Just
(24:12):
letting you know, heads up, what else to talk about. Well,
since the Fed lowered rates at the close today, you
are at the high of what real rates have done.
(24:35):
In other words, the day the FED lowered their Fed
funds rates, the short rates that day, the ten year
yield was hitting four percent. We're it now, not a
big deal. Four point one seven percent yesterday was down
(24:55):
a little right back up today. And I heard the
new guy at the Fed put in by Trump wanting
two percent Fed funds rate, even though the they're at
four right now, and even though the ten year yields
(25:18):
at four to one, the five years at three seven.
We think the Fed can be a little bit lower.
But if he goes to two percent, here comes your
inflation again. And by the way, electricity prices are up,
food prices are up in the last six months. Just
(25:40):
letting you know you all see that, right, I did
my little public's look and still noticing the chips bags
are much smaller still at the same price. Coffee's gone
up a lot. Chocolate where it nearing Halloween. I still
(26:02):
remember those little Hershey bag, the big Hershey bags that
have the little Hershey's in them. They used to be
eleven ninety nine, they're sixteen ninety nine. Now, just letting
you know. So the ten year yields and also now
not what I want to see. I don't think you do.
(26:25):
Oil prices now, the good news is oil prices are
right in the middle of a range. They went a
little higher couple of times in the last year, a
little bit lower a couple of times in the last year,
but pretty much as stayed steadied, by the way, pretty
steady since twenty two. Let's hope it stays that way,
(26:47):
because the past couple of days oil prices have ticked up.
And as we have told you many thousands of times,
we do not want to see oil prices go up,
simple as that, we do not want to see oil
prices go up, and certainly we do not want to
(27:11):
see oil prices go up with ten year yields going up.
The cost of capital and energy are the two most
important costs that are out there by far that trade
(27:32):
on a daily basis. Of course, the home is your
biggest purchase, no doubt, but that is a decision, and
you can always buy something cheaper or more expensive we're
talking about the things that move things. If energy price
is going up, you are a move to pay higher
(27:52):
prices not only for gasoline, but for a ton of
stuff that's made with petroleum. If yields go up, well,
you get the point. Now, don't get us wrong. We're
outlining some things today that Okay, you know, we're just
(28:14):
letting you know. We're giving you a little tutorial on
what happened in ninety nine. We're giving you a little
tutorial from ninety nine that some of the characteristics are
showing up. We're seeing too many no sale stuff skyrocket,
(28:40):
too many no sales company skyrocket. They came in today,
they sold some off and send them right back up tomorrow.
So we're just paying attention. But I want to repeat
one more time. The only thing matters to us is
the real time, not what may or main it happen.
(29:04):
If all of a sudden or over time things start
turning down, we'll let you know. We already know. There
are certain areas that are bear still. The exchanges. A
lot of the big biotech we told you travel recently
look to be getting in trouble, and they are healthcare
(29:29):
A lot of them just still wickedly, wickedly in not
good shape. The payroll, companies, jobs, amongst some other areas. Oh,
restaurants and restaurants are still acting terribly. So we'll keep
(29:54):
you informed, and we just simply say to you, this
is what's leading, this is what's lagging. Lines a bunch
of them topping out also here that would be part
of travel, right, Rails and truckers not great though. There's
a buy out with Norfolk Southerland Union Pacific. So right
(30:18):
now even more, we're paying a lot of attention not
only to movement, but to yapping, and we are in recognition. Also,
we did a little thing for you last week on
(30:40):
a lot of the values and valuations in the trees.
The Buffet indicator, the Schiller indicator. They're just some Warren Buffett.
He's pretty smart. But we'll keep paying attention what the
market decides and not what anybody has to say. So
(31:07):
near term, little distribution, no big deal, not the end
of the world. The indices pulled back today, gold pulled
back today. Few things breaking down, few things coming in,
but no biggie as of yet. And if anything changes,
(31:30):
we'll let you know. We're gonna keep talking. If we
keep seeing, Hey, up next? What else we got in store? Oh? Yeah,
that's up next. Surprise. This is the one only investor's edge.
Speaker 4 (32:14):
You're listening to. Well, what are you waiting for?
Speaker 6 (32:18):
One?
Speaker 2 (32:19):
Too? Ready?
Speaker 3 (32:21):
Go?
Speaker 6 (32:25):
We can't recalled Bob, but un dunt dun't dun uh.
Speaker 2 (32:39):
Okay, do you know that ten stocks are now up
to forty one percent of the S and P five hundred.
That's unbelievable. Ten stocks are forty one percent of the
S and P five hundred. That means four hundred and
(33:02):
ninety stocks are fifty nine percent. You think we're watching
those ten stocks? By the way of those ten, Amazon
near term breakdown yesterday. Not the end of the world,
but near term. Just letting you know. Microsoft not killing anything,
(33:30):
but has come in after gapping up and sitting at
the fifty day moving average. It's still okay. I think
I'm not sure if Netflix is top ten the S
and P that's under a little bit of distribution. Don't
quote me on that. On Netflix, I don't know if
it's that. It's definitely top twenty, though, so we'll be
(33:54):
paying attention. Imagine if those ten stocks go into a
bear market, the indices will go into a bear market.
Well unless the other four hundred and ninety pick up
the slack ten stocks go read up about the nifty
(34:14):
to fifty in the seventies. I believe whenever we've seen
concentration like this, it ends badly. But I have to
tell you I could have said that two years ago,
one year ago, Oki Dokie. We received lots of email
(34:41):
on free speech because we do a show and we're
on Fox and Jimmy Kimmel was back on last night.
We're seeing hypocrites to the left, hypocrites to the right,
more on the left on this though. We just want
you to remember, they don't care about you. Don't get
(35:07):
so I don't know how to put this. Don't get
so necked deep into these people. They don't care. Have
you noticed these scummy celebrities and the media when they
(35:35):
kicked people on the right out off of their shows.
That wasn't the end of democracy, was it? Do you
remember any of that what's his name with the tim
(35:57):
with the comedy show they knocked him out Roseanne, who,
by the way, said something crummy. The Gina Krano I
mentioned from Mandalorian. Some women that were on ESPN basically
(36:19):
can because they believe in the right, not the left.
None of that ended democracy, but Jimmy Kimmel was going
to end democracy. So we just want you to remember
they're full of crap. They don't care. We here believe
(36:43):
in free speech as long as you are not inciting
violence or causing violence, simple as that. By the way,
there were others that got canned or blackballed on the right.
(37:06):
We mentioned to you about Google yesterday, about the Biden
administration and Google. That wasn't the end of democracy. We
just want you to remember that there's enough bs to
go out from everybody. But man, oh man, this one
(37:28):
was quite the comedy act for somebody like me that
couldn't give a crap about either side sides. Boh So,
I watched what Kimball said last night for ten minutes,
and he's just full of crap, just full of crap. I
(37:51):
watched the whole Trump's speech at the UN yesterday. I
watched that this morning, an hour long. I've got to
tell you, there were parts I absolutely loved. And then,
as usual my love hate relationship with the President. I
(38:12):
love that he ripped everybody on climate change. And here
was the big surprise. President Donald Trump echoed my words
word for word. One of his peeps must have watched
me on TV or listened to the show, because word
(38:34):
for word, he stated, how many times have I said this?
You ready? It used to be global cooling, and then
it heated up around the globe, and they changed it
to global warming, and then there were blizzards around the globe,
and then they changed it to global cooling, and then
they got together and excuse me, change it to climate change.
(38:58):
That way, they can never be wrong. That's exactly what
Trump said yesterday. And then he talked about the other part.
I mentioned about how many people have gotten rich off
of it, and he also mentioned about the people that
said the end of the world was coming in ten years,
and you know who that was. So we're very happy
(39:20):
that somebody at the administration hurt us. By the way,
go watch it word for word, your handsome and buffed
hosts his words President Trump, and I have absolutely no
problem using my words. I love that he went after
(39:40):
all these maniacs in government thievery stealing based on this
hoax that we can stop tornadoes and hurricanes and earthquakes.
But a lot of people have gotten mighty rich. Remember
(40:03):
the old line, follow the money. You all 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 hug your children. They will feel better.
You'll feel better. I promise they will be well. Always
appreciate your time until tomorrow. Good night, all bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cultbomb on Biz Talk.
To listen to past episodes or to get in contact
with Gary, go to Garykay dot com. That's Garykay dot com.
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:12):
And well once again to Investor's Edge, I'm Gary Kulbomb,
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen. Happy that you are listening.
It is Wednesday, September twenty fourth, twenty twenty five. Hope
you havn't a good day. As always, we have a
ton to cover in the allotted time that we have.
Thank you for listening. If you do not get this
(00:33):
radio show in your city, we'll post it at gary
ka dot com. We'll also post it on our X feet.
Don't follow us on x you should just put our
name in if you'd like to email us, just be nice.
By the way, we'll also post it on podcast apps
on the YouTube channel called biz tv. Check it all out.
Let's talk markets, but not exactly today's market yet. So
(01:04):
I got sent something and this has been reported, and
I made sure not to look at whether this was
a Republican or Democrat. By the way, this has everything
to do with markets. Representative Tim Moore don't know if
(01:27):
he's a Republican, A Democrat never heard of him, bought
Intel stock on July thirty first and August seventh. He
bought Intel stock July thirty one, August seventh mister Moore
(01:52):
or a Congressman. Moore sits on the House Committee on
Financial Services as well as Digital Assets and Financial Technology
and Artificial Intelligence. A week later, it is floated that
the Trump administration would take a steak in Intel. On
(02:20):
August twenty second, the steak was taken. During that time,
CEOs of soft Bank and Video and others were in
visiting Washington, DC. Soft Bank on eight eighteen took a steak,
(02:48):
and on September eighteenth and Vidia takes a huge steak
and Intel stock gaps up big time. We have said
to you on this show, because of the massive debt
(03:10):
and deficits through the years, we have no respect for
any of these politicians. And we know there's a couple
there that are against it, but they have no say.
We'd like to have respect for these politicians. We'd like
to praise them. This bull crap insider trading that we
(03:35):
would go to jail for has got to stop. I'm
not accusing this representative of anything. I'm just reporting to
you the news. They don't even care how things look.
(04:02):
They don't even care. The Queen Pelosi has made bazillions,
but there were plenty of others. There's a move afoot
in Washington, DC to stop these people from trading. I
(04:23):
don't mind them trading and trade all they want, not
on the stocks that they are oversight on. You and
I go to jail. Let me repeat, You and I
go to jail if we know material information that is
(04:44):
not public and we trade on it. This is not
the first time we have reported something like this. It's
not the first time we've reported on many others. We're
(05:06):
in hopes that this representative did not know anything about
the deal the deals, but I'm a very big believer
in one plus one equals two. And when we see
(05:29):
so many of these people in DC doing this, and again,
I don't know if he's a Republican or Democrat. We
will report on all of them. We will report on
all of them. Now I am going to go look
(05:50):
in real time to see whether he's a Republican or Democrat.
Representative Tim Moore uh is an American, a politician US
Representative of North Carolina fourteenth district, and he's new since
twenty and twenty five, just recent He previously served as
(06:14):
a speaker of the North Carolina House of Representatives from
fifth twenty and fifteen to twenty and twenty five. He's
a Republican party. We wanted to start with that today.
(06:35):
We're so fed up. We're so fed up. How many
times have we complained to you about other countries where
a few become bazillionaires by plundering? Is this any different?
(06:56):
Do you know a bunch of politicians are made fun
of on social media? Do you know there were social
media accounts that only follow these politicians and when they report,
it's like you got to be kidding me. People that
are on the committees for drugs and things like that
are buying stocks of companies they oversee and somehow you
(07:22):
get big news within thirty days and they don't even care.
And you would think that the media, you know, the
defenders of the people, would be yelling and screaming about this,
But they don't. Do you know why, because their party
(07:47):
does it big time. If their party didn't do it,
but the other party did, they would be reporting on it.
Just remember how it works. The corruption on the left
is guarded ganswin this guy's on the right. We segue
(08:15):
the president now wants to take a position in a
lithium company. Socialist Donald Trump wants the government involvedment now
with a lithium company. So a stock Lithium Americas that,
by the way, has no sales, and it says a
(08:39):
Canadian based company. Really, I thought it was we're about
all America. Anyway, The stock was up ninety six percent
today because of socialist Donald Trump wants to take a
position in it because it's lithium. Really, they're seeking an
(09:03):
equity stake of as much as ten percent. But we're
not done because we also read today that socialist Donald Trump.
And by the way, socialism is about governments running our
companies central banks. I can go on us and discussions
(09:26):
to set up a five billion dollar fund to invest
in mining. Huh. So I can tell you that scCO
is up nine bucks to one nineteen, but FCX was
down seven bucks to thirty seven winners and losers. By
(09:49):
the way, we say the word socialists with love, but
we don't want our government involved in owning companies. We don't.
Now we know they did a little bit of that
when you had the wait nightmare. Should only be in
some sort of emergencies and not even then. But we
(10:15):
got now until they're going after lithium and mining. God
only knows what's next. Oh, and this is going to
set such a precedent. I've been telling you about these
tariffs that he's doing. Oh. I cannot imagine what Gavin
(10:36):
Newsom if he became president, what he would do with tariffs.
Holy hell? Hey up next the markets news of the day.
This is the one only Investor's Edge.
Speaker 3 (11:02):
Hi, I'm Gary Kolbaum, hosted a nationally syndicated radio show,
Investor's Edge. We're not just handsome radio people. We manage
investors' money for a living, specializing in fee based discretionary
money management. No big commissions, just a fee on the
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(11:25):
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Speaker 4 (12:05):
It's time to switch on the integrator units and get
the brain cells where you're listening to. Okay, Investors Edge.
The last bastion of quality programming with Gary called bomb.
It doesn't get better than this.
Speaker 2 (12:28):
And uh, if any of you conservative Republicans who all
of a sudden like tariffs and believe it's good for
the government to be running businesses and have no independent
(12:49):
central bank, you're not conservative. Just let you know that
was down one seventy one today. Let's see of note,
Amgen was down eight and Change just spent a week
we've been telling you about the big biotechs. Goldman Sachs
for a Change was down fourteen. Weaker banks. The only
(13:11):
thing that was up today was JP Morgan, which is
in the Dow. IBM down five, has been rallying, so
kind of a rough day for the Dow. SMP was
down nineteen, was worse. NASDAK down seventy five was wors
I think the NASDAC today if I am correct, give
(13:34):
me a sec here hit twenty two three nine seven,
Bump was down about one twenty two three nine seven
was down one seventy five, finished only down seventy five.
Russell two thousand, about one percent. That was week A
(13:54):
gold pulled back today. Not a biggie. What else? Oil
stocks mostly green oil prices up decently China Ali Baba
announces some Ai stuff and the stock goes up another
thirteen today. What did we tell you that that's all
(14:17):
it takes. I got to tell you. Tesla is up
another seventeen today and that looks headed for the old highs,
which is quite amazing. They bounce some of the consumer staples,
they bounce the insurance. I'll tell you what they hit good,
and we'll keep this in the file. Manager private equity
(14:42):
companies they hit today.
Speaker 5 (14:46):
That is.
Speaker 2 (14:48):
KKR EVR. That's Evercore that got smacked. Blackstone got hit
pretty good today. What's that other one? Apollo five six
seven percent? That's always something I watch. And as I mentioned,
(15:11):
Goldman had a rough day, But I don't think it's
a biggie. Bitcoin ethereum bounced a little bit. I have
to tell you miners of bitcoin, just a big wow.
They've had a really good move. But also, what have
(15:34):
we been whining about a little bit here, and you
know we whine the no sale stuff. They clip some
of them for ten percent today, some a little bit more.
But they've had a great move. So it's not like
that's abnormal. But remember what we've told you about those stocks.
(15:56):
If we go into a bear market again or when.
I also have to mention some leading stocks that we
haven't talked about a lot, but Simple alab down twenty
five dollars today about eleven percent, talk about a softening
(16:19):
in their business, which also took down CRD that was
not about eight percent. These have been very strong names
on very strong earnings results, and they pulled in a
bunch of extended stuff, remember the data storage stuff. Because
of all the news that we're hearing on how much
(16:41):
money's gonna be spent to be watched. And by the way,
my blanket statement on the numbers that are being told
to us on the spend of artificial intelligence, I have
(17:04):
only one statement in mind. I only have one statement.
They better do those numbers. I did a little talk
yesterday on this vendor financing thing again, hope you look
(17:25):
it up. We worry when companies are investing in other
companies who buy that first company's products. Oh and look
at all these revenues we have, even though we gave
them the money to buy it our stuff. That's something
that happened in ninety eight, ninety nine, two thousand and
(17:47):
all hell broke loose. We are not saying the same
thing happens. We're just reporting to you. That's all we're doing.
What is happening quite weird. They hit the contract manufacturers today,
(18:09):
the electronic contract manufacturers. They have been strong and just
all those Micron reported very good numbers, was up ten
in the after market yesterday, finished down five. So but
we don't see that as a big deal because it's
had a good move and sometimes these things have to
settle down, have to pull back, have to hang out.
(18:35):
And Nvidia, after a beautiful reaction to the news on Monday,
almost has got it all back. We're only talking two
three percent and remains range bound. But boy, that looked
like it was gonna wondering if the market's thinking about
(19:00):
what we're mentioning to you here. Just wondering. I want
you to remember, we've studied every market, and in particular,
we really have studied a the eighty seven crash. We
(19:25):
went back and spent many hours on the eighty seven crash.
We were in the penny stock business back then, so
we knew nothing about the markets and we wanted to
see we did it without bias. It wasn't easy, but
(19:45):
we did it without bias. Would we have been out
of the market before the crash? And it was an
absolute yes, because things were breaking down before and we
know what to do. But we've also studied big time
(20:08):
ninety eight, ninety nine, especially ninety nine from November to
March of three. But we've studied all the things that
were going on during that time and all the predictions
that blew up in the face leading to an eighty
percent drop in the NASDAC. We're just letting you know
(20:38):
up next, speaking of letting you know, that'll be up
next on this the one only investor's edge.
Speaker 4 (21:11):
You're listening to, America is talking fallowing investors Edge.
Speaker 6 (21:16):
He's gotta be bet with the crowd is just on
his feet here.
Speaker 5 (21:20):
He just said her on a boy with Gary called
Bob come highly recommended. You're gonna feel better if you
talk to him.
Speaker 2 (21:38):
So back in ninety nine, before the eighties, somewhat percent
dropping the NASDAC. We've gone backwards and we've already told
(22:00):
you these things. But a few things that were going
on back then. Everybody was announcing Internet stuff, everyone everyone, everything.
You had companies changing their names and just adding dot
com to them to goose their stocks. You had mutual
(22:26):
fund companies change names of mutual funds from technology fund
to the Internet Fund, no, not kidding, for marketing purposes.
And you had big numbers being talked about. You also had,
(22:50):
let me be careful with this, a very famous person
that came out with the tense stocks for the fun
future type of thing, and I think eight out of
ten had no sales, and I think all of them
blew up. That person was taken in by the times
(23:19):
and not learning from the times. So we're just remember
everything we do is about real time, not what may
or may not happen. We're just letting you know the
numbers that are being announced gargantuan and it has me
(23:46):
scratching my head, really how much for what? And then
all of a sudden we start to see this vendor
financing again. Everything we do is in real time. Just
(24:12):
letting you know, heads up, what else to talk about. Well,
since the Fed lowered rates at the close today, you
are at the high of what real rates have done.
(24:35):
In other words, the day the FED lowered their Fed
funds rates, the short rates that day, the ten year
yield was hitting four percent. We're it now, not a
big deal. Four point one seven percent yesterday was down
(24:55):
a little right back up today. And I heard the
new guy at the Fed put in by Trump wanting
two percent Fed funds rate, even though the they're at
four right now, and even though the ten year yields
(25:18):
at four to one, the five years at three seven.
We think the Fed can be a little bit lower.
But if he goes to two percent, here comes your
inflation again. And by the way, electricity prices are up,
food prices are up in the last six months. Just
(25:40):
letting you know you all see that, right, I did
my little public's look and still noticing the chips bags
are much smaller still at the same price. Coffee's gone
up a lot. Chocolate where it nearing Halloween. I still
(26:02):
remember those little Hershey bag, the big Hershey bags that
have the little Hershey's in them. They used to be
eleven ninety nine, they're sixteen ninety nine. Now, just letting
you know. So the ten year yields and also now
not what I want to see. I don't think you do.
(26:25):
Oil prices now, the good news is oil prices are
right in the middle of a range. They went a
little higher couple of times in the last year, a
little bit lower a couple of times in the last year,
but pretty much as stayed steadied, by the way, pretty
steady since twenty two. Let's hope it stays that way,
(26:47):
because the past couple of days oil prices have ticked up.
And as we have told you many thousands of times,
we do not want to see oil prices go up,
simple as that, we do not want to see oil
prices go up, and certainly we do not want to
(27:11):
see oil prices go up with ten year yields going up.
The cost of capital and energy are the two most
important costs that are out there by far that trade
(27:32):
on a daily basis. Of course, the home is your
biggest purchase, no doubt, but that is a decision, and
you can always buy something cheaper or more expensive we're
talking about the things that move things. If energy price
is going up, you are a move to pay higher
(27:52):
prices not only for gasoline, but for a ton of
stuff that's made with petroleum. If yields go up, well,
you get the point. Now, don't get us wrong. We're
outlining some things today that Okay, you know, we're just
(28:14):
letting you know. We're giving you a little tutorial on
what happened in ninety nine. We're giving you a little
tutorial from ninety nine that some of the characteristics are
showing up. We're seeing too many no sale stuff skyrocket,
(28:40):
too many no sales company skyrocket. They came in today,
they sold some off and send them right back up tomorrow.
So we're just paying attention. But I want to repeat
one more time. The only thing matters to us is
the real time, not what may or main it happen.
(29:04):
If all of a sudden or over time things start
turning down, we'll let you know. We already know. There
are certain areas that are bear still. The exchanges. A
lot of the big biotech we told you travel recently
look to be getting in trouble, and they are healthcare
(29:29):
A lot of them just still wickedly, wickedly in not
good shape. The payroll, companies, jobs, amongst some other areas. Oh,
restaurants and restaurants are still acting terribly. So we'll keep
(29:54):
you informed, and we just simply say to you, this
is what's leading, this is what's lagging. Lines a bunch
of them topping out also here that would be part
of travel, right, Rails and truckers not great though. There's
a buy out with Norfolk Southerland Union Pacific. So right
(30:18):
now even more, we're paying a lot of attention not
only to movement, but to yapping, and we are in recognition. Also,
we did a little thing for you last week on
(30:40):
a lot of the values and valuations in the trees.
The Buffet indicator, the Schiller indicator. They're just some Warren Buffett.
He's pretty smart. But we'll keep paying attention what the
market decides and not what anybody has to say. So
(31:07):
near term, little distribution, no big deal, not the end
of the world. The indices pulled back today, gold pulled
back today. Few things breaking down, few things coming in,
but no biggie as of yet. And if anything changes,
(31:30):
we'll let you know. We're gonna keep talking. If we
keep seeing, Hey, up next? What else we got in store? Oh? Yeah,
that's up next. Surprise. This is the one only investor's edge.
Speaker 4 (32:14):
You're listening to. Well, what are you waiting for?
Speaker 6 (32:18):
One?
Speaker 2 (32:19):
Too? Ready?
Speaker 3 (32:21):
Go?
Speaker 6 (32:25):
We can't recalled Bob, but un dunt dun't dun uh.
Speaker 2 (32:39):
Okay, do you know that ten stocks are now up
to forty one percent of the S and P five hundred.
That's unbelievable. Ten stocks are forty one percent of the
S and P five hundred. That means four hundred and
(33:02):
ninety stocks are fifty nine percent. You think we're watching
those ten stocks? By the way of those ten, Amazon
near term breakdown yesterday. Not the end of the world,
but near term. Just letting you know. Microsoft not killing anything,
(33:30):
but has come in after gapping up and sitting at
the fifty day moving average. It's still okay. I think
I'm not sure if Netflix is top ten the S
and P that's under a little bit of distribution. Don't
quote me on that. On Netflix, I don't know if
it's that. It's definitely top twenty, though, so we'll be
(33:54):
paying attention. Imagine if those ten stocks go into a
bear market, the indices will go into a bear market.
Well unless the other four hundred and ninety pick up
the slack ten stocks go read up about the nifty
(34:14):
to fifty in the seventies. I believe whenever we've seen
concentration like this, it ends badly. But I have to
tell you I could have said that two years ago,
one year ago, Oki Dokie. We received lots of email
(34:41):
on free speech because we do a show and we're
on Fox and Jimmy Kimmel was back on last night.
We're seeing hypocrites to the left, hypocrites to the right,
more on the left on this though. We just want
you to remember, they don't care about you. Don't get
(35:07):
so I don't know how to put this. Don't get
so necked deep into these people. They don't care. Have
you noticed these scummy celebrities and the media when they
(35:35):
kicked people on the right out off of their shows.
That wasn't the end of democracy, was it? Do you
remember any of that what's his name with the tim
(35:57):
with the comedy show they knocked him out Roseanne, who,
by the way, said something crummy. The Gina Krano I
mentioned from Mandalorian. Some women that were on ESPN basically
(36:19):
can because they believe in the right, not the left.
None of that ended democracy, but Jimmy Kimmel was going
to end democracy. So we just want you to remember
they're full of crap. They don't care. We here believe
(36:43):
in free speech as long as you are not inciting
violence or causing violence, simple as that. By the way,
there were others that got canned or blackballed on the right.
(37:06):
We mentioned to you about Google yesterday, about the Biden
administration and Google. That wasn't the end of democracy. We
just want you to remember that there's enough bs to
go out from everybody. But man, oh man, this one
(37:28):
was quite the comedy act for somebody like me that
couldn't give a crap about either side sides. Boh So,
I watched what Kimball said last night for ten minutes,
and he's just full of crap, just full of crap. I
(37:51):
watched the whole Trump's speech at the UN yesterday. I
watched that this morning, an hour long. I've got to
tell you, there were parts I absolutely loved. And then,
as usual my love hate relationship with the President. I
(38:12):
love that he ripped everybody on climate change. And here
was the big surprise. President Donald Trump echoed my words
word for word. One of his peeps must have watched
me on TV or listened to the show, because word
(38:34):
for word, he stated, how many times have I said this?
You ready? It used to be global cooling, and then
it heated up around the globe, and they changed it
to global warming, and then there were blizzards around the globe,
and then they changed it to global cooling, and then
they got together and excuse me, change it to climate change.
(38:58):
That way, they can never be wrong. That's exactly what
Trump said yesterday. And then he talked about the other part.
I mentioned about how many people have gotten rich off
of it, and he also mentioned about the people that
said the end of the world was coming in ten years,
and you know who that was. So we're very happy
(39:20):
that somebody at the administration hurt us. By the way,
go watch it word for word, your handsome and buffed
hosts his words President Trump, and I have absolutely no
problem using my words. I love that he went after
(39:40):
all these maniacs in government thievery stealing based on this
hoax that we can stop tornadoes and hurricanes and earthquakes.
But a lot of people have gotten mighty rich. Remember
(40:03):
the old line, follow the money. You all 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 hug your children. They will feel better.
You'll feel better. I promise they will be well. Always
appreciate your time until tomorrow. Good night, all bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cultbomb 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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