December 10, 2025 • 40 mins
https://garykaltbaum.com/
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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 Viz Talk studios. Here is
Gary Cultbomb.
Speaker 2 (00:11):
And well, once again to Investor's Edge. I'm Gary Kolpa'm
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen. Happy that you are listening.
It's Wednesday, it's the tenth. It's December, heading towards the holidays.
Hope you have some good plans with you and your families.
Just make sure you travel safe, take your time if
you're on the road. Don't be drinking and all that crap.
(00:36):
You know what, I'm breaking my record this year on drinking.
You know how many drinks I've had this year alcoholic drinks? Three?
Last year I think I had five. I'm at three. Hmmm.
I'm gonna be up in New York City for Christmas,
(00:56):
so mate, well, you never know. Anyway, you can see
how much which I like alcohol. Right, one of the
most overrated aspects of life is alcohol. And by the way,
it's good to see that the alcohol consumption in this
country is at record lows. Good to see, uh, serious
(01:19):
talk on everything that affects you. And of course we're
going to talk, unfortunately, about a central banker named J.
Powell who lowered interest rates today and then said some
other things. And we're gonna do what nobody else wants
to do for you, and that's tell you the truth.
You know what we mean by that. We have no agenda,
alteriomotive for bias. You know what I mean by that
(01:42):
you have been told because the President says J. Powell
sucks and he's been too late, and he should have
been lowering rates more, and we should be at two percent,
or we should be at one percent, and that is J.
Powell's little Fed funds, And unfortunately the president has made
him famous again. I love the fact that he was
(02:05):
off the front pages. I love the fact we got
away from having to think about him too much. And
now we have to worry about every little thing he
does and says, because you've got a president trying to
cover his own butt. You know what that means, right, Oh,
it's everybody else's fault if something goes wrong, so cover
(02:26):
the butt. Unfortunately, anyway, we'll get to that, and we
will be specific on what happened today, why it happens,
what the potential outcome is, does it affect you. That's
the big key. Will it affect you what happened today?
We'll do the markets, the economy, your job, your industry,
and anything else that comes to mind, including the morlocks
(02:48):
in DC. And I have a little bit, just a
short amount of tidbits today because I love my peeps,
they send me things, and we have a few non
numbers to mention to you in a little bit. Uh.
If you don't get this radio show in your city,
we'll post it at gary k dot Comlos, post it
(03:08):
on our X feed, and then if you don't follow
us on X you should. If you'd like to email us,
just be nice. We'll also post it on the YouTube
channel of biz tv and other podcast apps. Okay, so
the Dow was up a percent, the S and P
was up only about hold on. The S and P
(03:34):
was up uh blah blah, zero point sixty five percent.
Speaker 1 (03:40):
Uh.
Speaker 2 (03:41):
The Nasdaq was up about not even a half percent today,
but the transports are up two and a half percent today.
Very strong day for most financials. And believe it or not,
I've got a slew of regional banks at one year
or highs now. When I say one year highs I
(04:02):
just mean a year none of them are at all
time highs. Just remember we had the Silicon Valley bank
thing many moons ago, and we're way away from that still.
But the good news is regional banks new yearly highs.
Good to see. Okay, So I'm gonna do something for
(04:29):
you right now, and that is FED funds. I'm gonna
click on it. What is the Fed funds rate? What is?
I know what they are, but I'm gonna explain. It's
the interest rate banks charge each other for overnight loans
(04:50):
to meet their reserve requirements. Whatever the hell that means
to meet their reserve requirements. You can look all that up.
Now you say to yourself, who gives a crap? Why
do we care? Well, first off, we've had a central
(05:12):
bank that became very much what they're not supposed to be,
an interloper, an interferer in free markets. Remember we're supposed
to have free markets. You know what that means a
free market. It's the buying and selling of traders, speculators,
investors at a certain point, at a certain time, at
(05:34):
a certain size, without the interference of people in government.
Don't you think, all you free market conservatives, don't you
think this is what we'd like. Well, instead, let's go
back to eight. You first had Ben BERNANKI. Now, in
(05:56):
case you don't know, the fit is supposed to oversee
banks and lenders, and Ben Bernanke sat on his arse
and did not oversee them. While they were doing five
to one ten from one on mortgage backed securities, he
watched how the rating services rated mortgage back security securities
triple A while emailing each other saying this was a
(06:17):
bunch of crap. You had Goldman Sachs actually come out
with a tranch it means, a bunch of mortgage backed
securities and sold them. In other words, they make a
fee for putting them together and selling them, and immediately
shorted them knowing how bad they were, and no one
(06:38):
went to jail, nobody got indicted for all the massive
fraud that went on. And Ben Bernanke at the time said, well,
we need help. What did they do? They took eight
hundred billion of our tax dollars and handed them over
to the crooks back in eight And what did Ben
Bernanke do. He started printing money to loosen up the
(06:59):
CYM and lowered rates to loosen up the system. And
that's what actually does happen when interest rates come down
the Fed funds, it loosens money up, and they think
it makes things better. So Ben Bernanke starts printing money.
And you know what, he said, it's only temporary. And
of course we went to first Janet Yellen, another adult,
(07:26):
and then we headed to Powell and we hit COVID.
And what did he do. Well, we're not going to
say he was wrong about doing it. I wouldn't have
done it. But he took rates, those Fed fund rates
down to nothing, I mean nothing, and then he printed
to nine trillion bucks. And you ask yourself, how the
(07:50):
hell can one person, unelected go to a computer and
print to nine trillion dollars. Now, I know it's the
word trillion. You'll have to trust me when I say
it's huge. And I think we're at about four trillion,
(08:12):
So we printed five trillion. He took the five trillion
dollars and interfered with the bond market and took the
ten year down to a half percent because he kept
just buying more and more and more and more bonds.
And the people that were in the bond markets knew, hey,
we ain't gonna do any sell and we're gonna buy
(08:33):
along with them, and they that's what they did, and
it took it down and you were able to get
your three percent mortgages and refinanced your three percent mortgages,
which forced up housing prices and created all the freaking distortions.
J Powell is ground zero for all the crap that's
going on, but of course he never gets the blame
because he's not elected. Why do you want to go
(08:53):
after the head of the fedwin. You can say it's
all Joe Biden's fault. Well, Joe Biden was a part
of the fault because he decided to amp up the
size of government, which is somewhat inflation are you also,
But the inflation was caused by j Powell. Too much
money chasing too few hands, and when you're dealing with
nine trillion bucks, we're talking about an unimaginable amount. So
(09:16):
he created all this inflation. Once he stopped printing money
and buying up the bond market, the bond market gave
him the middle finger. So interest rates, real interest rates,
not his FED funds, started going higher, and he realized,
holy crap. So they came out and lied to us
and said, don't worry inflation's and transitory, no big deal,
and interest rates kept going higher, inflation kept picking up
(09:37):
and oh crap, so they had to start raising rates
and catch up. And once he stopped printing and raising rates,
the inflation started coming down. The other thing he started
to do was not only not printing, but as bonds mature,
he let him run off. So instead of nine trillion
(09:58):
of printed money, you had eight point nine trillion, then
eight point eight trillion. And by the way, that's the
right thing to do. They should not have a balance
sheet the hell. So they kept letting it run off
and run off and run off. In that we bring
in Trump. So what does Trump do? J Powell sucks.
J Powell's this, He needs the cut rates a little more.
(10:19):
He's only political. And of course he had his minions
to defend him say, yeah, he's only political, and that's
not true. That's not true, it's made up. J Powell
sucks at what he does, but he's never done anything political.
What he has done is played catch up on everything,
which we'll fast forward to today we'll explain. Hey, thanks
(10:43):
for being here. I'm Gary. This is the one only
investor's edge. Hi, I'm Gary Kolbaum hosted a nationally syndicated
(11:05):
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We manage investors' money for a living, specializing in fee
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(11:28):
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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
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(11:50):
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two two five to five, five to nine investment advisory
services offer through Call Capital Management.
Speaker 3 (12:05):
It's time to switch on the integrator units and to
get the brain cells where you're listening to Okay, Investor's
Edge the last bastion of quality programming with Gary called Bob.
It doesn't get better than this.
Speaker 2 (12:28):
So what does human nature tell you when you have
the President of the United States, the loudest voice in
the world, calling you an ass, calling you a jackass,
calling you a moron, calling you an idiot, calling you
a dufus? What does human nature say? What the hell
(12:52):
do I gotta do to shut them up? What do
I gotta do? We starts lowering rates to please the president.
I'm just gonna shut I can't deal with this anymore.
And of course there's twelve voters. But as you know,
he's the head honcho, and he's probably sitting there saying, listen,
(13:16):
I can't sleep at night. My wife won't even talk
to me. I can't keep help me out here. So
they've been lowering interest rates. And by the way, rightfully,
so why rightfully?
Speaker 1 (13:28):
So?
Speaker 2 (13:28):
Well? As I have told you, his rates don't matter
much to you, they matter much to the market. And
you're four to one k. But you're not going to
get a job because of him lowering rates. The economy
isn't going to start going gangbuster because of lowering rates,
(13:48):
but the markets. So we lowered rates today, and what
have we told you? The J. Powell needs to listen
to the market going forward, and that is, you can
be a little bit lower than the ten year yield,
but don't be too much because here comes that inflation again.
By the way, you all like that nine percent inflation?
(14:10):
That's right, I don't think so. So he lowered rates.
But here's the other part of the equation. They're saying, now, well,
you know that runoff of all that printed money that
should never have been printed. Well, I don't know how
much the Fed's balance sheet is now, but as I
speak to you, I actually should just say Fed's balance sheet, Like,
(14:34):
when I do that number, let's see if it comes
up with a number, it's at nine true, they say,
now it's at six point five trillion. So he let
two point five trillion run off. Good, Well, he says,
they're not going to let it run off anymore. So
(14:55):
what happens when one of those big bonds mature, Well,
all of a sudden, he got that money. What is
he gonna do buy bonds again? Well, that would be
the chalk. And if he buys bonds again, isn't that
going to help real interest rates come down? Potentially? Yes?
(15:16):
But what if he goes too easy again? Is there
a chance that's gonna cause the inflation again. Well that's
the rub I hope I explain this to you. Well,
so he's at three and a half percent now, the
ten year yields at four point one point sixty thirty
years at four point eight, and we don't want to
(15:36):
get to the point where the market's angry. So I
think right now he's in a decent spot. But now
he's gonna be gone. And it looks like Kevin Hassett,
one of Trump's buddies, is gonna be the head of
the Fed. And as you know, Trump has been calling
for one percent. I'm letting you know, if he ever
did go to one percent and the market didn't like it,
(15:57):
we'll be back at ten percent inflation again. No really,
So that's what happened today. He I don't watch him
in his press conference because frankly, and nothing personal, he
should not have the job. He doesn't know what he's doing.
He I'm gonna stop right there. I'm gonna try and
(16:21):
stay positive. Anyway. The Dow was up a percent, the
s and piece point sixty five percent. The NASDAC was
only up about three and point three five percent, but
transports were strong. The housing stocks were strong. Why would
housing stocks be strong? Well, if he can take interest
rates down? Duh, it's interest rates sensitive. What else was
(16:44):
strong day? Regional banks, Whoe and other banks? Financials was
strong today, of course they are. What else was strong? Well?
The economically sensitive names woke up. What's an economical not
an economically sensitive A United Rentals which has been blasted
(17:05):
on their earnings. They bounced that up three percent? Ww
Granger bounced that up three percent and change economically sensitive?
What else did they? Caterpillar was up twenty bucks today.
They bounced a little bit of the hotels which just
got hit. They bounced the cruise lines, which have been
(17:27):
very weak. Why would that be Well, if you can
spur things on even the perception moves markets. So that's
the story today, Hope, I explained it. Okay, the Fed
funds really not much. The ten year yield is your mortgages.
The Fed funds we can go back to. Maybe it
moves the credit card rates around. I'll tell you what
(17:50):
it will do your money markets. You're gonna get less, duh.
Just remember you were getting zero on your money markets
when he took rates to zero. He screwed every saver. J.
Powell screwed the savers and handed all that money to
the banks and lenders, and he never got any blowback
(18:17):
from that, one of the most sickening moves financially I've
ever seen. He got no blowback on it because they
had to just blame Biden for everything. And there's your story.
So here's the deal. Good day in the financials, good
(18:37):
day in the economically sensitive, good day in the nice
bounce in the housing, good day in the transports, moving
of things because the perception is this should help the economy.
Good day in the auto dealers with stocks that have
been very weak. You know it didn't have a good day. Still,
(18:58):
the job market, the payroll companies paychecks was up fourteen cents.
That's to be watched. Got a good day in some retail,
not all. You had a good reaction recently in Abercrombie
and Fitch, so that was up six percent today. Dillard's
is up today, doesn't trade a lot, but up nicely.
(19:19):
And by the way, even Cracker Bowers up ninety five
cents after being down three dollars in the after market
yesterday last night on crappy numbers. That's just the market
being a little bit better on the day at the close. Today,
at the close, the Russell two thousand edged out of
(19:43):
range at the close today, the mid caps edged out
of range, not at the highs, though yet still got
work to do. At the close today, the regional banks
almost a yearly high individually, some regional banks at yearly
(20:05):
highs at the close today, the KBW Bank Index Nasdaq
Bank indets new high. I'm not sure of other things.
The S and P did not finish at a new
high today. The Dow did not finish at a new
high today. The Nasdaq one hundred and the Nasdaq did
(20:27):
not finish at new highs today, and weakened a little
bit at the close, but not a biggie. We'll see
what tamorrow brings up next. Why all these rate cuts
around the world, will explain, this is the one only
investor's edge.
Speaker 3 (21:10):
You're listening to. America is talking small investors edge.
Speaker 1 (21:16):
He's gotta be the crowd is just on his feet.
Speaker 3 (21:19):
Here, said a boy with Gary called Bob.
Speaker 2 (21:23):
He comes highly recommended.
Speaker 3 (21:24):
You're gonna feel better if you talk to.
Speaker 2 (21:26):
Him, do you know. Oh, by the way, the dollar
against currencies swoon today. When you go easier with your
(21:47):
money your your currency usually suffers, which of course helped
gold again today, Silver again today helps our multinationals. You
can go search the phrase why does a weak help
our multinationals? That'll explain that. Or why does gold or
commodities go up on a week er dollar? You can
it'll explain it. But I want to feel a little
(22:13):
bit of your long term pain. What in case you
don't know, there's been over three hundred rate cuts by
central banks around the globe in the last couple of years,
three hundred unprecedented. Would you like to know why those
(22:41):
same governments who hate their people just like our government
hates us. What well do you think a government that
is now at thirty eight trillion of debt likes you. No,
(23:06):
they just use you around the globe. Now we're at
now three hundred and twenty four trillion dollars of debt.
That is not a typo, ladies and gentlemen, that is
a real number. And their thought process crap. We got
(23:33):
to get rates down because the amount of money we're
paying on this debt, amount of interest, Oh my god,
we're gonna kill ourselves now here in the US. It
is a financial crime and a financial sin. Brought to
you by every politician going back about twenty five years.
(23:56):
They really amped it up in two thousand. It was
slowly moving up before that, but they really amped it up.
And it just gets worse and worse and worse. And
unfortunately the Republicans used to protect us and actually used
to fight for it, the debt ceiling and stop it
(24:19):
and stop the Dems. But they don't give a crap anymore,
including President Trump, who has lied about the debt and deficits.
THROO is RSE on a daily basis. And if you notice,
it's never brought up. And the reason it's never brought
up because the media can't bring it up because if
they bring it up on Trump, they got to bring
(24:39):
it up on the Democrats, who they preciously defend. So
we're at thirty eight trillion. One point two trillion this
year is going towards interest. Imagine in the year two thousand,
are federal spending was only one point eight trillion. We're
(24:59):
headed to the point where that number is gonna be
just interest. Brought to you by all these people who,
by the way, when it all and all debt blows up,
by the way, it's just an eventuality, but sometimes it
takes decades. These people know they're going to be retired
or dead, So what do they give a crap? Trump?
What does he care? He's a multi billionaire. Him and
(25:24):
his sons are doing all kinds of stuff right now,
making all kinds of money left and right. What does
he care that he said he would do something about
it and lied and did nothing about it and had
a great chance to backtrack. Biden's the Inflation Reduction Act,
(25:48):
which he admitted didn't cut inflation. Can have knocked a
trillion dollars off of it, but he didn't. And why
wouldn't the president do that? Because if you take a
trillion bucks out of government spending, you take a few
little points off of GDP and that's bad for real election,
but screw us in the long term. So three hundred
and twenty four trillion dollars of debt, that's why. And
(26:13):
in case you don't know how bad it's got is,
do you know in the last week our debt went
up eighty nine billion dollars in the last week, we're
thirty eight point five trillion. Now when the President Trump
took the oath on January twentieth, our debt was thirty
six to point two trillion, it's ten, it's eleven months later,
(26:38):
we're thirty eight four two point two trillion. But he's
telling you how good he's done. Just let you know.
We'll keep you informed. We'll keep you informed. But that's
why there is a rush to get interest rates down
(26:59):
as much as possible. That's all. That's it. And as
we have said for years, we don't know if it's decades, years,
weeks or months. The trajectory is insane. It gets worse
by the day, and they don't care and the media
(27:20):
won't cover it because both parties have done it and
they don't want to upset their side. But it's not
also that. I just want to let you know. Us
big tech stocks had bond issuance of one hundred and
eight billion so far in twenty and twenty five. That's
just some companies. This is five times more than in
twenty and twenty four. So there's a big amount of
(27:44):
debt is going on in some of these companies. Just
letting you know. By the way, the October we're in
December now, we had a record two hundred and eighty
four billion dollar deficit. You want to extrapolate that out
three trillion. So when we say they hate you, we
(28:12):
mean it. And when we see Trump talk last night
for ninety minutes, oh I love you, I love you this,
I love you that he's laughing his ass off. Every
day six billion is being added to our debt and
it makes them happy as all hell because it helps
(28:34):
GDP and gives them a better chance of keeping power.
They hate us, and the same goes for all these
other governments of other countries. That's all. And if you
(28:54):
notice how many people are talking about this, you don't
see anybody on TV talking about this. You don't see
somebody bring up that one point two train is going
down the toilet, not going to the roads and bridgers
in the streets and the airports. How about the indigent
(29:14):
and the children in need, or how about the elderly
that's gone towards interest on all the debt these mothers
have created, and so much of it was corruption. Think
Minnesota right now we're finding out it's the tip of
(29:35):
the iceberg. Do you know how many connected people in DC,
not just politicians, are just worth zillions of dollars and
didn't do a thing. They were just connected. Look at
this woman, what's her face? Stacy Abrams got two billion
government grant for climate business and she's never been in
(29:58):
the business and never has to pay it back. It's
not alone, it's a grant. So just letting you know,
it's become obscene. That's why I can't stand any of them.
Nothing personal. I love Trump, what he did on the border.
I love his golf courses, but don't look me in
the face and tell us and tell me you like us.
(30:22):
You're gonna run two trillion dollar deficit this year and
you're not supposed to, and you had a chance to
do something about it. That's all. And I know a
lot of you love him, and I know a lot
of you love Biden, and a lot of you on
the left and a lot of you on the right.
(30:44):
Just letting you know, none of them like you. And
if you notice, they only start coming at you six
months before an election. Give me money. You got the
yuts in New York City. He's a communist. He's a
freaking communist, and he's begging for dollars from people. Remember
he's a communist with our money, he's a plundering capitalist
(31:07):
with his. That's how this whole thing goes, But we'll
keep on trucking and we'll let you know what's leading,
We'll let you know what's lagging, where to be, where
not to be, And as always we always say to you,
if things change, we will absolutely positively let you know.
Today very good day. Not the greatest finish, but if
(31:30):
all the indices in all these areas go topside and
break out a range, should invite more money into the market.
Up next, this, that and the other thing. I'm really
a positive guy. By the way, this is the one
only investor's.
Speaker 3 (31:48):
Edge you're listening to. What are you waiting for one
(32:19):
to ready go? We can'rry called bot.
Speaker 2 (32:40):
Da da da. You know, Oracle has been a real
disappointing stock and we've had questions how they announced monstrous
backlog and the stock goes from like three fifty to
two hundre Well, they just reported earnings and they beat
(33:02):
and the stock's still down eight now hold on sixteen
bucks on two hundred and twenty. I'll have to check
it out. The worry is the debt, and the worry
is you know what that backlog is from that open
AI company? You know which company that was where the
(33:25):
CEO was interviewed by an investor and was simply asked,
how are you How are you going to be able
to do one point two trillion in business when you
only have ten billion? And the guy said, well, just
sell me your stock. We'll see how that plays out.
By the way, here's a blanket statement. They better keep
(33:47):
the AI trade going. How's that for a blanket statement.
It's so much of the market now. I cannot begin
to tell you. It is so much much of the market.
Now you're ready for the latest. Do you know what
(34:07):
Warby Parker is. It's an eyeglass place and they sell eyeglasses.
The stock was crushed recently on their earning support and outlook.
A day and a half ago they announced a eyeglasses
(34:32):
It's up forty five percent in two days. And I'm
just thinking to myself, sell what artificial intelligence glasses should
add a billion dollars a market cap to the company that,
(34:53):
by the way, does less than a billion dollars in revenue.
That had me scratching my head, and what can you
do with your glasses and artificial intelligence? Somebody's got to
help me out with that. Seriously, are we gonna get
(35:16):
the artificial intelligence Whopper or McMuffin. By the way, I'm
not being sarcastic. I guess maybe I'm the dumb one
because the market loves this news. Just letting you know
(35:37):
the market really loves this news. We'll see how it
plays out. What else stood out rumors of AIG being
bought by Chubb, Okay, fine and Dandy. I got asked,
what's the matter with Microsoft? That's a weak stock. I
(35:58):
got asked, what's the matter with me? It's a week stock.
Both faded at the fifty day move and average. I
got to mention door Dash and Instacart got hit today
by the way, door Dash had that big insider by recently.
Both were hit today. Amazon has announced that they are
going to expand selling perishables to twenty two hundred cities.
(36:24):
So guess what to door happened to door Dash and
Instacart today got hit other things, just noticing hospitals topped out.
No Biggie autozoned down another seventy five bucks today. Yikes
in megacaplan Costcos continues to be really weak. Netflix brutally weak,
(36:50):
and Vidia cannot get them think about this this week.
You had a strong market today and Vidia finished down
three dollars. And this is after a day and a
half go was announce the China thing, that you're gonna
be able to sell this thing to China and it's
gonna add billions, and the stock can't get out of
its own way. And you know what, I'm wondering, not
(37:11):
sure yet, but I'm wondering a the huge market cap,
but b in this great system of ours, if you
have a big part of the business and others say,
you know, I think I can do it faster, quicker,
(37:32):
better and cheaper, and then some come out with that,
I'm wondering if they're starting to put a little discount
into the stock because Ali Baba announced the chip. Google's
got some things, a bunch of others have things going
on right now for a very lucrative business. So Nvidio
(37:57):
remains below the fifty day moving average, We'll keep you informed.
First thing it's got to do is get back above.
I also got to mention this Beasley Broadcasting. It's a
radio station, a couple one hundred million in revenues in
(38:18):
a bunch of markets. The stock never trades. In fact,
an average day of trade was a couple of thousand
shares before today. It closed at four dollars. It hit
twenty six dollars today before closing at sixteen. It's now
twelve in the after market. It went from four to
(38:39):
twenty six today. Ready for this, The float is seven
hundred thousand shares. It traded forty four point eight million
shares today. I'm wondering if this got game stopped today,
whether somebody said something and read it and they jumped
on it. Ladies and gentlemen, you know my advice is right,
(39:06):
make sure you're never the last one in. They all
go back to where they came from. I don't know
what drove the stock today. I see no news, and
I know I looked on several news fronts. I'm sure
we'll find out it hit the sheets or the webs
and they got involved and ended up being some sort
(39:28):
of again GameStop AMC and things like that. I'm just
letting you know. Today at two thirty five it hit
twenty six bucks. At four o'clock it was sixteen and change,
and now it's twelve in the aftermarket. You know how
you get to twenty six dollars. Somebody had to pay that.
(39:54):
Don't ever get caught in that stuff. Keep your head
about you. It's painful if you if you're the last
one in, you'll have a great evening. Drive carefully, just
remember we're working for you here nobody else. When you
get home, do like we do, quite simple. Make sure
you how your family, make sure you how your children.
(40:15):
They will feel better, You will feel better. I promise
they will be well. Don't be a mark. Good night
all bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Caultbomb 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 (00:11):
And well, once again to Investor's Edge. I'm Gary Kolpa'm
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen. Happy that you are listening.
It's Wednesday, it's the tenth. It's December, heading towards the holidays.
Hope you have some good plans with you and your families.
Just make sure you travel safe, take your time if
you're on the road. Don't be drinking and all that crap.
(00:36):
You know what, I'm breaking my record this year on drinking.
You know how many drinks I've had this year alcoholic drinks? Three?
Last year I think I had five. I'm at three. Hmmm.
I'm gonna be up in New York City for Christmas,
(00:56):
so mate, well, you never know. Anyway, you can see
how much which I like alcohol. Right, one of the
most overrated aspects of life is alcohol. And by the way,
it's good to see that the alcohol consumption in this
country is at record lows. Good to see, uh, serious
(01:19):
talk on everything that affects you. And of course we're
going to talk, unfortunately, about a central banker named J.
Powell who lowered interest rates today and then said some
other things. And we're gonna do what nobody else wants
to do for you, and that's tell you the truth.
You know what we mean by that. We have no agenda,
alteriomotive for bias. You know what I mean by that
(01:42):
you have been told because the President says J. Powell
sucks and he's been too late, and he should have
been lowering rates more, and we should be at two percent,
or we should be at one percent, and that is J.
Powell's little Fed funds, And unfortunately the president has made
him famous again. I love the fact that he was
(02:05):
off the front pages. I love the fact we got
away from having to think about him too much. And
now we have to worry about every little thing he
does and says, because you've got a president trying to
cover his own butt. You know what that means, right, Oh,
it's everybody else's fault if something goes wrong, so cover
(02:26):
the butt. Unfortunately, anyway, we'll get to that, and we
will be specific on what happened today, why it happens,
what the potential outcome is, does it affect you. That's
the big key. Will it affect you what happened today?
We'll do the markets, the economy, your job, your industry,
and anything else that comes to mind, including the morlocks
(02:48):
in DC. And I have a little bit, just a
short amount of tidbits today because I love my peeps,
they send me things, and we have a few non
numbers to mention to you in a little bit. Uh.
If you don't get this radio show in your city,
we'll post it at gary k dot Comlos, post it
(03:08):
on our X feed, and then if you don't follow
us on X you should. If you'd like to email us,
just be nice. We'll also post it on the YouTube
channel of biz tv and other podcast apps. Okay, so
the Dow was up a percent, the S and P
was up only about hold on. The S and P
(03:34):
was up uh blah blah, zero point sixty five percent.
Speaker 1 (03:40):
Uh.
Speaker 2 (03:41):
The Nasdaq was up about not even a half percent today,
but the transports are up two and a half percent today.
Very strong day for most financials. And believe it or not,
I've got a slew of regional banks at one year
or highs now. When I say one year highs I
(04:02):
just mean a year none of them are at all
time highs. Just remember we had the Silicon Valley bank
thing many moons ago, and we're way away from that still.
But the good news is regional banks new yearly highs.
Good to see. Okay, So I'm gonna do something for
(04:29):
you right now, and that is FED funds. I'm gonna
click on it. What is the Fed funds rate? What is?
I know what they are, but I'm gonna explain. It's
the interest rate banks charge each other for overnight loans
(04:50):
to meet their reserve requirements. Whatever the hell that means
to meet their reserve requirements. You can look all that up.
Now you say to yourself, who gives a crap? Why
do we care? Well, first off, we've had a central
(05:12):
bank that became very much what they're not supposed to be,
an interloper, an interferer in free markets. Remember we're supposed
to have free markets. You know what that means a
free market. It's the buying and selling of traders, speculators,
investors at a certain point, at a certain time, at
(05:34):
a certain size, without the interference of people in government.
Don't you think, all you free market conservatives, don't you
think this is what we'd like. Well, instead, let's go
back to eight. You first had Ben BERNANKI. Now, in
(05:56):
case you don't know, the fit is supposed to oversee
banks and lenders, and Ben Bernanke sat on his arse
and did not oversee them. While they were doing five
to one ten from one on mortgage backed securities, he
watched how the rating services rated mortgage back security securities
triple A while emailing each other saying this was a
(06:17):
bunch of crap. You had Goldman Sachs actually come out
with a tranch it means, a bunch of mortgage backed
securities and sold them. In other words, they make a
fee for putting them together and selling them, and immediately
shorted them knowing how bad they were, and no one
(06:38):
went to jail, nobody got indicted for all the massive
fraud that went on. And Ben Bernanke at the time said, well,
we need help. What did they do? They took eight
hundred billion of our tax dollars and handed them over
to the crooks back in eight And what did Ben
Bernanke do. He started printing money to loosen up the
(06:59):
CYM and lowered rates to loosen up the system. And
that's what actually does happen when interest rates come down
the Fed funds, it loosens money up, and they think
it makes things better. So Ben Bernanke starts printing money.
And you know what, he said, it's only temporary. And
of course we went to first Janet Yellen, another adult,
(07:26):
and then we headed to Powell and we hit COVID.
And what did he do. Well, we're not going to
say he was wrong about doing it. I wouldn't have
done it. But he took rates, those Fed fund rates
down to nothing, I mean nothing, and then he printed
to nine trillion bucks. And you ask yourself, how the
(07:50):
hell can one person, unelected go to a computer and
print to nine trillion dollars. Now, I know it's the
word trillion. You'll have to trust me when I say
it's huge. And I think we're at about four trillion,
(08:12):
So we printed five trillion. He took the five trillion
dollars and interfered with the bond market and took the
ten year down to a half percent because he kept
just buying more and more and more and more bonds.
And the people that were in the bond markets knew, hey,
we ain't gonna do any sell and we're gonna buy
(08:33):
along with them, and they that's what they did, and
it took it down and you were able to get
your three percent mortgages and refinanced your three percent mortgages,
which forced up housing prices and created all the freaking distortions.
J Powell is ground zero for all the crap that's
going on, but of course he never gets the blame
because he's not elected. Why do you want to go
(08:53):
after the head of the fedwin. You can say it's
all Joe Biden's fault. Well, Joe Biden was a part
of the fault because he decided to amp up the
size of government, which is somewhat inflation are you also,
But the inflation was caused by j Powell. Too much
money chasing too few hands, and when you're dealing with
nine trillion bucks, we're talking about an unimaginable amount. So
(09:16):
he created all this inflation. Once he stopped printing money
and buying up the bond market, the bond market gave
him the middle finger. So interest rates, real interest rates,
not his FED funds, started going higher, and he realized,
holy crap. So they came out and lied to us
and said, don't worry inflation's and transitory, no big deal,
and interest rates kept going higher, inflation kept picking up
(09:37):
and oh crap, so they had to start raising rates
and catch up. And once he stopped printing and raising rates,
the inflation started coming down. The other thing he started
to do was not only not printing, but as bonds mature,
he let him run off. So instead of nine trillion
(09:58):
of printed money, you had eight point nine trillion, then
eight point eight trillion. And by the way, that's the
right thing to do. They should not have a balance
sheet the hell. So they kept letting it run off
and run off and run off. In that we bring
in Trump. So what does Trump do? J Powell sucks.
J Powell's this, He needs the cut rates a little more.
(10:19):
He's only political. And of course he had his minions
to defend him say, yeah, he's only political, and that's
not true. That's not true, it's made up. J Powell
sucks at what he does, but he's never done anything political.
What he has done is played catch up on everything,
which we'll fast forward to today we'll explain. Hey, thanks
(10:43):
for being here. I'm Gary. This is the one only
investor's edge. Hi, I'm Gary Kolbaum hosted a nationally syndicated
(11:05):
radio show, Investor's Edge. We're not just handsome radio people.
We manage investors' money for a living, specializing in fee
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(11:28):
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
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make an appointment for a complementary portfolio review. The number
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(11:50):
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Speaker 3 (12:05):
It's time to switch on the integrator units and to
get the brain cells where you're listening to Okay, Investor's
Edge the last bastion of quality programming with Gary called Bob.
It doesn't get better than this.
Speaker 2 (12:28):
So what does human nature tell you when you have
the President of the United States, the loudest voice in
the world, calling you an ass, calling you a jackass,
calling you a moron, calling you an idiot, calling you
a dufus? What does human nature say? What the hell
(12:52):
do I gotta do to shut them up? What do
I gotta do? We starts lowering rates to please the president.
I'm just gonna shut I can't deal with this anymore.
And of course there's twelve voters. But as you know,
he's the head honcho, and he's probably sitting there saying, listen,
(13:16):
I can't sleep at night. My wife won't even talk
to me. I can't keep help me out here. So
they've been lowering interest rates. And by the way, rightfully,
so why rightfully?
Speaker 1 (13:28):
So?
Speaker 2 (13:28):
Well? As I have told you, his rates don't matter
much to you, they matter much to the market. And
you're four to one k. But you're not going to
get a job because of him lowering rates. The economy
isn't going to start going gangbuster because of lowering rates,
(13:48):
but the markets. So we lowered rates today, and what
have we told you? The J. Powell needs to listen
to the market going forward, and that is, you can
be a little bit lower than the ten year yield,
but don't be too much because here comes that inflation again.
By the way, you all like that nine percent inflation?
(14:10):
That's right, I don't think so. So he lowered rates.
But here's the other part of the equation. They're saying, now, well,
you know that runoff of all that printed money that
should never have been printed. Well, I don't know how
much the Fed's balance sheet is now, but as I
speak to you, I actually should just say Fed's balance sheet, Like,
(14:34):
when I do that number, let's see if it comes
up with a number, it's at nine true, they say,
now it's at six point five trillion. So he let
two point five trillion run off. Good, Well, he says,
they're not going to let it run off anymore. So
(14:55):
what happens when one of those big bonds mature, Well,
all of a sudden, he got that money. What is
he gonna do buy bonds again? Well, that would be
the chalk. And if he buys bonds again, isn't that
going to help real interest rates come down? Potentially? Yes?
(15:16):
But what if he goes too easy again? Is there
a chance that's gonna cause the inflation again. Well that's
the rub I hope I explain this to you. Well,
so he's at three and a half percent now, the
ten year yields at four point one point sixty thirty
years at four point eight, and we don't want to
(15:36):
get to the point where the market's angry. So I
think right now he's in a decent spot. But now
he's gonna be gone. And it looks like Kevin Hassett,
one of Trump's buddies, is gonna be the head of
the Fed. And as you know, Trump has been calling
for one percent. I'm letting you know, if he ever
did go to one percent and the market didn't like it,
(15:57):
we'll be back at ten percent inflation again. No really,
So that's what happened today. He I don't watch him
in his press conference because frankly, and nothing personal, he
should not have the job. He doesn't know what he's doing.
He I'm gonna stop right there. I'm gonna try and
(16:21):
stay positive. Anyway. The Dow was up a percent, the
s and piece point sixty five percent. The NASDAC was
only up about three and point three five percent, but
transports were strong. The housing stocks were strong. Why would
housing stocks be strong? Well, if he can take interest
rates down? Duh, it's interest rates sensitive. What else was
(16:44):
strong day? Regional banks, Whoe and other banks? Financials was
strong today, of course they are. What else was strong? Well?
The economically sensitive names woke up. What's an economical not
an economically sensitive A United Rentals which has been blasted
(17:05):
on their earnings. They bounced that up three percent? Ww
Granger bounced that up three percent and change economically sensitive?
What else did they? Caterpillar was up twenty bucks today.
They bounced a little bit of the hotels which just
got hit. They bounced the cruise lines, which have been
(17:27):
very weak. Why would that be Well, if you can
spur things on even the perception moves markets. So that's
the story today, Hope, I explained it. Okay, the Fed
funds really not much. The ten year yield is your mortgages.
The Fed funds we can go back to. Maybe it
moves the credit card rates around. I'll tell you what
(17:50):
it will do your money markets. You're gonna get less, duh.
Just remember you were getting zero on your money markets
when he took rates to zero. He screwed every saver. J.
Powell screwed the savers and handed all that money to
the banks and lenders, and he never got any blowback
(18:17):
from that, one of the most sickening moves financially I've
ever seen. He got no blowback on it because they
had to just blame Biden for everything. And there's your story.
So here's the deal. Good day in the financials, good
(18:37):
day in the economically sensitive, good day in the nice
bounce in the housing, good day in the transports, moving
of things because the perception is this should help the economy.
Good day in the auto dealers with stocks that have
been very weak. You know it didn't have a good day. Still,
(18:58):
the job market, the payroll companies paychecks was up fourteen cents.
That's to be watched. Got a good day in some retail,
not all. You had a good reaction recently in Abercrombie
and Fitch, so that was up six percent today. Dillard's
is up today, doesn't trade a lot, but up nicely.
(19:19):
And by the way, even Cracker Bowers up ninety five
cents after being down three dollars in the after market
yesterday last night on crappy numbers. That's just the market
being a little bit better on the day at the close. Today,
at the close, the Russell two thousand edged out of
(19:43):
range at the close today, the mid caps edged out
of range, not at the highs, though yet still got
work to do. At the close today, the regional banks
almost a yearly high individually, some regional banks at yearly
(20:05):
highs at the close today, the KBW Bank Index Nasdaq
Bank indets new high. I'm not sure of other things.
The S and P did not finish at a new
high today. The Dow did not finish at a new
high today. The Nasdaq one hundred and the Nasdaq did
(20:27):
not finish at new highs today, and weakened a little
bit at the close, but not a biggie. We'll see
what tamorrow brings up next. Why all these rate cuts
around the world, will explain, this is the one only
investor's edge.
Speaker 3 (21:10):
You're listening to. America is talking small investors edge.
Speaker 1 (21:16):
He's gotta be the crowd is just on his feet.
Speaker 3 (21:19):
Here, said a boy with Gary called Bob.
Speaker 2 (21:23):
He comes highly recommended.
Speaker 3 (21:24):
You're gonna feel better if you talk to.
Speaker 2 (21:26):
Him, do you know. Oh, by the way, the dollar
against currencies swoon today. When you go easier with your
(21:47):
money your your currency usually suffers, which of course helped
gold again today, Silver again today helps our multinationals. You
can go search the phrase why does a weak help
our multinationals? That'll explain that. Or why does gold or
commodities go up on a week er dollar? You can
it'll explain it. But I want to feel a little
(22:13):
bit of your long term pain. What in case you
don't know, there's been over three hundred rate cuts by
central banks around the globe in the last couple of years,
three hundred unprecedented. Would you like to know why those
(22:41):
same governments who hate their people just like our government
hates us. What well do you think a government that
is now at thirty eight trillion of debt likes you. No,
(23:06):
they just use you around the globe. Now we're at
now three hundred and twenty four trillion dollars of debt.
That is not a typo, ladies and gentlemen, that is
a real number. And their thought process crap. We got
(23:33):
to get rates down because the amount of money we're
paying on this debt, amount of interest, Oh my god,
we're gonna kill ourselves now here in the US. It
is a financial crime and a financial sin. Brought to
you by every politician going back about twenty five years.
(23:56):
They really amped it up in two thousand. It was
slowly moving up before that, but they really amped it up.
And it just gets worse and worse and worse. And
unfortunately the Republicans used to protect us and actually used
to fight for it, the debt ceiling and stop it
(24:19):
and stop the Dems. But they don't give a crap anymore,
including President Trump, who has lied about the debt and deficits.
THROO is RSE on a daily basis. And if you notice,
it's never brought up. And the reason it's never brought
up because the media can't bring it up because if
they bring it up on Trump, they got to bring
(24:39):
it up on the Democrats, who they preciously defend. So
we're at thirty eight trillion. One point two trillion this
year is going towards interest. Imagine in the year two thousand,
are federal spending was only one point eight trillion. We're
(24:59):
headed to the point where that number is gonna be
just interest. Brought to you by all these people who,
by the way, when it all and all debt blows up,
by the way, it's just an eventuality, but sometimes it
takes decades. These people know they're going to be retired
or dead, So what do they give a crap? Trump?
What does he care? He's a multi billionaire. Him and
(25:24):
his sons are doing all kinds of stuff right now,
making all kinds of money left and right. What does
he care that he said he would do something about
it and lied and did nothing about it and had
a great chance to backtrack. Biden's the Inflation Reduction Act,
(25:48):
which he admitted didn't cut inflation. Can have knocked a
trillion dollars off of it, but he didn't. And why
wouldn't the president do that? Because if you take a
trillion bucks out of government spending, you take a few
little points off of GDP and that's bad for real election,
but screw us in the long term. So three hundred
and twenty four trillion dollars of debt, that's why. And
(26:13):
in case you don't know how bad it's got is,
do you know in the last week our debt went
up eighty nine billion dollars in the last week, we're
thirty eight point five trillion. Now when the President Trump
took the oath on January twentieth, our debt was thirty
six to point two trillion, it's ten, it's eleven months later,
(26:38):
we're thirty eight four two point two trillion. But he's
telling you how good he's done. Just let you know.
We'll keep you informed. We'll keep you informed. But that's
why there is a rush to get interest rates down
(26:59):
as much as possible. That's all. That's it. And as
we have said for years, we don't know if it's decades, years,
weeks or months. The trajectory is insane. It gets worse
by the day, and they don't care and the media
(27:20):
won't cover it because both parties have done it and
they don't want to upset their side. But it's not
also that. I just want to let you know. Us
big tech stocks had bond issuance of one hundred and
eight billion so far in twenty and twenty five. That's
just some companies. This is five times more than in
twenty and twenty four. So there's a big amount of
(27:44):
debt is going on in some of these companies. Just
letting you know. By the way, the October we're in
December now, we had a record two hundred and eighty
four billion dollar deficit. You want to extrapolate that out
three trillion. So when we say they hate you, we
(28:12):
mean it. And when we see Trump talk last night
for ninety minutes, oh I love you, I love you this,
I love you that he's laughing his ass off. Every
day six billion is being added to our debt and
it makes them happy as all hell because it helps
(28:34):
GDP and gives them a better chance of keeping power.
They hate us, and the same goes for all these
other governments of other countries. That's all. And if you
(28:54):
notice how many people are talking about this, you don't
see anybody on TV talking about this. You don't see
somebody bring up that one point two train is going
down the toilet, not going to the roads and bridgers
in the streets and the airports. How about the indigent
(29:14):
and the children in need, or how about the elderly
that's gone towards interest on all the debt these mothers
have created, and so much of it was corruption. Think
Minnesota right now we're finding out it's the tip of
(29:35):
the iceberg. Do you know how many connected people in DC,
not just politicians, are just worth zillions of dollars and
didn't do a thing. They were just connected. Look at
this woman, what's her face? Stacy Abrams got two billion
government grant for climate business and she's never been in
(29:58):
the business and never has to pay it back. It's
not alone, it's a grant. So just letting you know,
it's become obscene. That's why I can't stand any of them.
Nothing personal. I love Trump, what he did on the border.
I love his golf courses, but don't look me in
the face and tell us and tell me you like us.
(30:22):
You're gonna run two trillion dollar deficit this year and
you're not supposed to, and you had a chance to
do something about it. That's all. And I know a
lot of you love him, and I know a lot
of you love Biden, and a lot of you on
the left and a lot of you on the right.
(30:44):
Just letting you know, none of them like you. And
if you notice, they only start coming at you six
months before an election. Give me money. You got the
yuts in New York City. He's a communist. He's a
freaking communist, and he's begging for dollars from people. Remember
he's a communist with our money, he's a plundering capitalist
(31:07):
with his. That's how this whole thing goes, But we'll
keep on trucking and we'll let you know what's leading,
We'll let you know what's lagging, where to be, where
not to be, And as always we always say to you,
if things change, we will absolutely positively let you know.
Today very good day. Not the greatest finish, but if
(31:30):
all the indices in all these areas go topside and
break out a range, should invite more money into the market.
Up next, this, that and the other thing. I'm really
a positive guy. By the way, this is the one
only investor's.
Speaker 3 (31:48):
Edge you're listening to. What are you waiting for one
(32:19):
to ready go? We can'rry called bot.
Speaker 2 (32:40):
Da da da. You know, Oracle has been a real
disappointing stock and we've had questions how they announced monstrous
backlog and the stock goes from like three fifty to
two hundre Well, they just reported earnings and they beat
(33:02):
and the stock's still down eight now hold on sixteen
bucks on two hundred and twenty. I'll have to check
it out. The worry is the debt, and the worry
is you know what that backlog is from that open
AI company? You know which company that was where the
(33:25):
CEO was interviewed by an investor and was simply asked,
how are you How are you going to be able
to do one point two trillion in business when you
only have ten billion? And the guy said, well, just
sell me your stock. We'll see how that plays out.
By the way, here's a blanket statement. They better keep
(33:47):
the AI trade going. How's that for a blanket statement.
It's so much of the market now. I cannot begin
to tell you. It is so much much of the market.
Now you're ready for the latest. Do you know what
(34:07):
Warby Parker is. It's an eyeglass place and they sell eyeglasses.
The stock was crushed recently on their earning support and outlook.
A day and a half ago they announced a eyeglasses
(34:32):
It's up forty five percent in two days. And I'm
just thinking to myself, sell what artificial intelligence glasses should
add a billion dollars a market cap to the company that,
(34:53):
by the way, does less than a billion dollars in revenue.
That had me scratching my head, and what can you
do with your glasses and artificial intelligence? Somebody's got to
help me out with that. Seriously, are we gonna get
(35:16):
the artificial intelligence Whopper or McMuffin. By the way, I'm
not being sarcastic. I guess maybe I'm the dumb one
because the market loves this news. Just letting you know
(35:37):
the market really loves this news. We'll see how it
plays out. What else stood out rumors of AIG being
bought by Chubb, Okay, fine and Dandy. I got asked,
what's the matter with Microsoft? That's a weak stock. I
(35:58):
got asked, what's the matter with me? It's a week stock.
Both faded at the fifty day move and average. I
got to mention door Dash and Instacart got hit today
by the way, door Dash had that big insider by recently.
Both were hit today. Amazon has announced that they are
going to expand selling perishables to twenty two hundred cities.
(36:24):
So guess what to door happened to door Dash and
Instacart today got hit other things, just noticing hospitals topped out.
No Biggie autozoned down another seventy five bucks today. Yikes
in megacaplan Costcos continues to be really weak. Netflix brutally weak,
(36:50):
and Vidia cannot get them think about this this week.
You had a strong market today and Vidia finished down
three dollars. And this is after a day and a
half go was announce the China thing, that you're gonna
be able to sell this thing to China and it's
gonna add billions, and the stock can't get out of
its own way. And you know what, I'm wondering, not
(37:11):
sure yet, but I'm wondering a the huge market cap,
but b in this great system of ours, if you
have a big part of the business and others say,
you know, I think I can do it faster, quicker,
(37:32):
better and cheaper, and then some come out with that,
I'm wondering if they're starting to put a little discount
into the stock because Ali Baba announced the chip. Google's
got some things, a bunch of others have things going
on right now for a very lucrative business. So Nvidio
(37:57):
remains below the fifty day moving average, We'll keep you informed.
First thing it's got to do is get back above.
I also got to mention this Beasley Broadcasting. It's a
radio station, a couple one hundred million in revenues in
(38:18):
a bunch of markets. The stock never trades. In fact,
an average day of trade was a couple of thousand
shares before today. It closed at four dollars. It hit
twenty six dollars today before closing at sixteen. It's now
twelve in the after market. It went from four to
(38:39):
twenty six today. Ready for this, The float is seven
hundred thousand shares. It traded forty four point eight million
shares today. I'm wondering if this got game stopped today,
whether somebody said something and read it and they jumped
on it. Ladies and gentlemen, you know my advice is right,
(39:06):
make sure you're never the last one in. They all
go back to where they came from. I don't know
what drove the stock today. I see no news, and
I know I looked on several news fronts. I'm sure
we'll find out it hit the sheets or the webs
and they got involved and ended up being some sort
(39:28):
of again GameStop AMC and things like that. I'm just
letting you know. Today at two thirty five it hit
twenty six bucks. At four o'clock it was sixteen and change,
and now it's twelve in the aftermarket. You know how
you get to twenty six dollars. Somebody had to pay that.
(39:54):
Don't ever get caught in that stuff. Keep your head
about you. It's painful if you if you're the last
one in, you'll have a great evening. Drive carefully, just
remember we're working for you here nobody else. When you
get home, do like we do, quite simple. Make sure
you how your family, make sure you how your children.
(40:15):
They will feel better, You will feel better. I promise
they will be well. Don't be a mark. Good night
all bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Caultbomb 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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