December 9, 2025 • 40 mins
https://garykaltbaum.com/
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Speaker 1 (00:01):
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Viz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:10):
And well, once again to Investor's Edge, I'm Gary kolbaumb
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen, happy that you are listening.
It is Tuesday, it's the ninth, it's December, it's twenty
twenty five. I'm back in Florida. I left fifteen degree
(00:31):
whether I believe we had like sixty five seventy here
in Florida. Why do I even go up to the northeast.
I got to tell you fifteen degrees? That's cold.
Speaker 3 (00:40):
Kids.
Speaker 2 (00:41):
Hey, as always serious talk on everything that affects you,
and particularly now everything that affects you. We pride ourselves
on being in nobody's tank, in nobody's camp. All we're
interested in is not being BSD. We want to be
(01:05):
told the truth. We don't want to be treated like
we're stupid. And unfortunately, another administration, same old, same old,
same old. We'll pick that apart in a little bit.
(01:25):
And why are we gonna pick it apart? Because it
really matters, No, it really matters. And of course, we'll
do the markets, the economy, your job, your industry, whatever
comes to mind, whatever matters. And if you don't get
this radio show in your city, we will post it
(01:45):
at gary Ka dot com. We'll also post it on
our x feed. If you don't follow us at next
you should. If you'd like to email us, just be nice,
by the way, also on the YouTube channel biz tv
and other podcast apps. All right, so a little distribution
in the market. Nothing bad. In fact, while I can
(02:09):
tell you the Dow is down one hundred and seventy
eight today, the Nasdaq was up thirty, and the Nasdaq
one hundred was up forty and the Russell two thousand
was again up. While I can tell you the Dow's
down three hundred and sixty five points this week, um no,
let's call it three hundred and ninety five points this week.
(02:31):
I don't think it's that bad, except if you own
JP Morgan, which we did coming into today, and we'll
explain that in a little bit. But I have to
tell you first off, the big banks acting well, the
gold and silver acting well, little better. Tone in the crypto.
(02:53):
We've had a good broad base move in the market.
But I think we're already losing that broad based particular.
Remember we were telling you how healthcare really coming on. Well,
that didn't last too long. It didn't last too long.
In fact, healthcare kind of getting shmered right now. Some
(03:13):
stocks that went vertical. What's the opposite of vertical? Eli
Lilly talk about that stock went crazy to the upside
and nine straight days down down about one hundred and
thirty points. And I'm being told it's because of major
(03:33):
league competition for that whatever. By the way, it really works,
I hadn't seen. I'm not going to mention who somebody
in about four months who was not thin and more
(03:55):
than and just lost everything, took whatever and boy, oh boy,
wow look great. They say they feel great. Stuff works,
just letting you know. So I don't have much to
(04:16):
complain about except JP Morgan, which was down fifteen bucks today.
Stock was acting perfect, and they had this conference and
they announced something about lower rate on fees for certain things,
and they just hit the crap out of that thing today.
And amazingly, JP Morgan is the one you always depend on. Nope,
(04:38):
Goldman Strong Morgan, Stanley Strong, City Group, Strong Bank in
New York is strong even even Wells Fargo was strong
and they kicked JP Morgan and teeth today Yippi, what else,
tamor' is the Fed? So let me explain two very
(04:59):
important parts of that that will not be explained to you.
Number one, the Fed only controls short term rates unless
they are printing money out of thin air to buy
up the whole freaking bond market like they did a
few years back. They say because of COVID, and of
(05:20):
course they did that, and of course what happened is
they stayed there, they kept it there, and they created
all the stupid inflation. Inflation finally came down when they
stopped printing money and they started raising rates because they
were forced to remember the reason why he doesn't get
buried for the inflations because he is not elected. So
(05:42):
they all blame Biden. Biden gets the blame because he
called the transitory and also is asinine ase ten as
eleven federal spending and increase in the government. Again, as
much as I am not throwing with Trump, Biden was
the worst president we have ever had by far. And
we'll get into President Trump in a little bit. So
(06:06):
he's going to lower short term rates. There's a problem.
What have we said to you for a very long
time about the Fed and rates that they had better
listen to the market if the market is screaming, else
(06:33):
there could be problems. So if the market is screaming,
don't lower rates, and the lower rates could be a problem.
If the market's screaming lower rates and they don't could
be a problem, well, we'll let you know. Leading up
(06:54):
to tomorrow, where it looks like they're going to go
from three and three quarters Fed funds rates three and
a half. The ten year yield in the last seven
eight days has gone from three point nine eight eight
to four point one eighty six. Now you may not
think that's a big move, but it is in a
short period of time, and we're just here wondering is
(07:18):
the market trying to tell him something? And if he
lowers rates too much, what is that going to mean.
On top of that, you have President Trump who has
telegraphed Kevin Hassett as the next head of the Central
Bank after Powell's gone, which means Donald Trump will be
running the FED. Kevin Hassett's just a puppet, nothing personal,
(07:42):
And I'm not even saying that as a put down.
It just is it's the nature of the beast. The
president likes control, and he's gonna put somebody in there
that he can control. There's no doubt in my mind.
So the worry what if he lowers rates but the
(08:04):
ten year yield keeps going higher? What is the ten
year yield? Well, those are your mortgage payments. It's cost
the capital. We're going to be paying attention to that
right now. You have a little bit of persistence to
the upside in long yields. And when we say long,
that's duration. And of course Powell has never listened to
(08:28):
the market because he thinks he's God. And certainly the
president won't listen to the market because he thinks he's
double God. He can do no wrong. And probably if
I'm a billionaire and I became president for a second
time after being blasted for a few years and impeached twice,
I'd probably think I'm God too. Anyway, So that's a
(08:50):
little bit of the story. And again I will tell
you we did not buy into healthcare, and I was
actually a little bit mad about it. I'm not mad
at ay more. They're actually really hitting it pretty darn
good and brought it down pretty quickly. So it's not
(09:12):
all but a lot of avoiding this second until otherwise.
I also have to let you know we did an
early webcast today and I have to tell you there's
still a lot of areas to definably, definitively avoid. And
(09:32):
how do we figure that out? Well, we know what
bear markets look like, we know what bearish markets looks like.
We know where trouble lies based on the action, not
based on what somebody thinks. So just letting you know,
(09:53):
and you know what we're going to do. In a
couple of minutes. We're going to list it for you.
And I have to tell you some names in some
areas are still way way down. Starting with the payroll companies.
We already know the jobs market is on the troublesome side.
ADP and paychecks remain in a brutal bear market. And
(10:19):
if that ain't something to watch, I don't know what
is brutal bear markets. And just so you know what
they do, I use paychecks, they handle all my stuff.
Up next, what are those areas and we'll explain them
(10:41):
to you. I'm Gary, this is the one owning Investor's Edge.
Speaker 4 (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
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(11:25):
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(11:47):
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to five five nine. That's eight eight eight four two
two five to five, five to nine. Investment advisory services
offer through Call Capital Management. It's time to switch on
the integrator units and to get the brain cells working.
Speaker 3 (12:09):
You're listening to okay, it could be fun.
Speaker 2 (12:14):
Investors Edge The last bastion of quality programming.
Speaker 3 (12:18):
With Gary called Bomb. It doesn't get better than this.
Speaker 2 (12:26):
Boy. Oh boy, I'm just noticing in the aftermarket Cracker Barrel,
you know the stock by the way, Classic bear Market
in Cracker Barrel stock's gone from seventy two to twenty
seven since July. It's down another three bucks in change.
(12:47):
After the close, they lowered guidance again, but they kept
the CEO great. And I noticed also daven Busters getting
yanked also in the after market. So you got a restaurant, Dan,
what is Dave? And Busters? A play? What do you do?
A lot of games and restaurant too, both being hit
(13:10):
in the after market. Anyway, just letting you know these areas.
First off, the AutoZone areas, they were already weak and
in bearss trend Autozoned down two hundred and seventy dollars
today seven percent. It is a high price name Classic
bear Market. And of course when you look at the
group Advance Auto Parts Classic bear Market, O'Reilly Automotive Classic
(13:34):
bear Market. What's the other one? Genuine Parts Classic bear Market.
The waste management companies Waste Management, bear Market, Republic Services,
Waste Connection, bear Market, w already mentioned ADP and paychecks.
You know when you give your blood quest Diagnostics and
(13:54):
lab Core well they've topped out badly. By the way,
we put that in the healthcare group auto dealers just
plain all week managed care. We have highlighted that starting
with United Health for a very long time. And by
the way, I might as well stop for one minute
and say I saw a video. It looked like about
(14:18):
twenty five women outside the court. One poster said I
want to marry you Luigi. Another one. What the frick
is a matter with these people? What happened to these
people where they actually are not just hey, we agree
(14:43):
with they're actually going to the court and praising him
and celebrating. They're cheerleading a guy that took out a
freaking gun and like a cowardly prick that he is
shot a man in the back dead who has two
kids and a wife and never did anything to anybody.
(15:06):
And these women, what the hell is going on? Are
they nuts? By the way, it was mostly there were
some men too, and they've raised money for his defense.
He's a murderer. I move on. Hotels. Do you know
(15:32):
about two weeks ago the hotels looked like they had
about sitting at near the highs. Look like they're about
to go top side on a nice little breakout to
the upside. They have all tucked in badly like frightened turtles.
Just let you know. So the hotels have topped. The
(15:54):
cruise lines very bad shape. Only Viking is strong. That
was the recent IPO in the last year. Viking Cruise
is strong, but Royal Norwegian Carnival very weak. Bear markets,
but I do want to point out Norwegian big inside
of buying as of recent But just because somebody's buying
(16:16):
insider wise, does it mean the stock goes up. Housing stocks, well,
we've been all over that for quite a while, and
includes the housing related things. Sherwin Williams in the Dow
a brutal bear market, Williams Sonoma not deathly bear market,
but not bullish. Let's see Whirlpool brutal bear market. So
(16:40):
housing related. Home Depot was down by the way, Home
Depot was down nine pre market, then up to finished
down almost five today. What did they say their comps
going forward? Not very good. And we've done our own
little channel checks at home Depot and I wouldn't say
things are bad, but they're soft stocks saying so so
(17:05):
the home builders, home related, the consumer staples, holy crap,
the Procter and gamble in the Dow. Holy crap, the chlorox,
holy crap to Colgate and General Mills, and the Tobaccos,
Pepsi and Coke. And don't get me started on the
(17:31):
alcohol stocks. That's good news, bad news for the stocks.
Good news that people aren't drinking as much. Bearish China
China Chinese ADR is just plain old bearish. Now restaurants,
(17:51):
there's two that are strong dine brands, which is I
Hop and Applebee's restaurant brands which is Burger King and
Tim Horton's relative strength wise, but don't dare look at
Kava Group. Don't dare look at Chipotle. I mean, holy crap.
(18:15):
And the rest are just well. I just mentioned cracker Barrel,
didn't I How the hell can the CEO keeper job?
Nothing personal? She's overseen a stock owned from seventy two
to twenty three and a half. Now in the after market. Yeah,
let's keep her. The AT and T, Verizon, T Mobile, Bearish,
(18:41):
the utilities, topped, bear Mode, interest rate sensitive. Then you
got some important individual names, Costco, Bear Market, Netflix, bear More.
Boeing looks like it just failed at the fifty day.
(19:03):
Meta just looks like it failed at the fifty day
maybe failed Uber the same tractor supply, MasterCard and Visa
just plain old bearish. And then, as I stated to
you about healthcare, am Gen was at new yearly highs
(19:25):
four days ago at three forty six. It's three thirteen
in four days. That's what we mean by coming after
the healthcare economically sensitive names. Not all. But if one
wants to look at Carrier air Conditioning, brutal bear market
(19:50):
ge looks like it's topped something like a ropeer rop
brutal bear market, Energy Systems, United Rentals just a brutal
top and bearish phase. Now to that important name. So
we're just letting you know there's a lot of eck
(20:11):
still while the indices are up near the highs. The
Russell's app up near the highs. They even the mid caps,
so very important stock selection. Mooe importante right now? Up next?
(20:32):
Have I thrilled yet? Up next? Yeah, we'll figure it
out this, that and the other thing. I'm gary, this
is the one only investor's.
Speaker 3 (20:40):
Edgress you are listening to. America is talking fallow investor's edge.
(21:16):
He's gotta be with the crowd, is just on his
feet here, said you're 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 and walk once again to investor's edge. Of course,
(21:48):
the strength has been the semis, not all the electronic
manufacturer contractors, the data storage, not all the big banks,
not JP Morgan. Today the private equity companies are coming
on strong, like Blackstone, black Rock, Evercore, KKR, other financials,
(22:10):
Pretty Darn Goods, Straight Street Bank, in Vesco, Synchrony Financial.
The Canadian banks are stronger than our banks. Gold Silver,
very very strong. Silver had a bang up day to
day in the megacaps Broadcom, Apple, Google, Strong, Tesla's trying,
(22:33):
but a lot of weakness underneath there. Market's quite interesting.
I must again you better be in the right spots
these areas I just told you about. By the way,
we didn't even mention the bad retailers. There's some strong
retailers now. Abercrombie and Fitch, American Eagle Outfitters, Boot barn
(22:55):
Est Lord are five below Ralph Lauren, Raw Stores, TJ Max,
Urban Outfitter. There's the dollar stores. But don't you dare
go look at Crocs? Don't you dare go look at
Lulu mett Lemon. Holy smokes to that one, don't you dare?
(23:17):
Look at Target so mixed bag there. Also, I didn't
mention defense stocks. You know, the war guys mostly bearish,
so you better be in the right spot. Kids, You
better be in the right spot as we get to
(23:37):
fed tomorrow. Who the hell knows what they do or say?
Again nothing personally, I don't know the guy. He's nauseating
overrated doult seriously about as overrated as can be. Moving on,
(24:01):
I am in first place in my fantasy league, all
by myself with three weeks to go. I should have
already won it, but there were a couple of weeks
where Lamar Jackson just screwed me. But I am in
first place in the Couch Potato League. Name of my
team is Reese's Pieces, after my grandson Reese, and God
(24:25):
blessed the Seattle defense. The Dallas kicker Jamir Gibbs. Wow,
But I gotta keep winning. I think I've got an
easy matchup this week, but I need.
Speaker 1 (24:46):
You know.
Speaker 2 (24:48):
I'm gonna still play Lamar Jackson this week. I could
play the Chargers quarterback, but Lamar Jackson was even a
little bit better than that. By the way. I also
have Puka Nikua, the wide receiver for the Rams, and
he has been bang up for me this year. And
Zayflowers finally had a good game with the Ravens quarterback.
(25:12):
So we shall see. If I win this week and
the second place team loses, I win the championship, I believe.
Hold on, No, I wouldn't still got to win one
more game after that. Yeah, anyway, So that's my Fantasy
League update. So when I go on Fox, I'm very
(25:40):
careful because I know the administration's temperamental and I disagree
with a lot. So what I always do is, you know,
I wish I had the President's ear because I would
tell him, and I do it very constructively, very constructively.
I don't use pejorative, I don't call names, but it
(26:04):
really is getting to be what's the genesis song, Land
of confusion? See, I am economically conservative, forget the rest.
I'm not Republican. I think the Republicans suck. Also, I
(26:25):
think they're full of crap too. Why they're running two
trillion dollar deficits the end of this year and they
didn't have to. But I can go backwards and come
up with other things. But I am economically conservative. I
believe there are certain things. Number one, low taxes, less regulations,
(26:51):
get rid of onerous regulations. And the good news is
the president's doing that. The good news is the president
extended his tax cuts. This is all good news. The
bad news is a lot of the rest. Let's talk
(27:13):
about it. The land of confusion. Well, for months he
was telling you all, trying to convince you that tariffs
are paid by other countries. Well, if I'm to use
the right word, it's a lie. It's not a mistake,
(27:34):
it's a lie. Tariffs are paid by the importer, the business,
who has the choice of putting it on to the consumer.
It's a fact, one thousand percent. Now, one could argue
(27:54):
that could be negotiating between both parties. But by definition,
a tariff is a tax. Yet this Treasury secretary goes
on TV and says it's not a tax. Okay, call
it a fee. What's the difference, it's a cost. Whatever.
(28:15):
We don't like being treated like we're stupid. We don't
like getting the middle finger shot at us. So that's
the start of the little confusion. Not to us, but
he's telling people out there that just want to believe
everything they say, and we understand that. Well, that's number one,
it's a lie. Number two. The president told the farmers
(28:43):
what he's doing for them yesterday, which is handing them
twelve billion dollars. I don't know which way they're doing it,
but the reason he's doing is because he screwed them
because of the tariffs. But he was out there and
he gets a farmer with him sitting there and praising
(29:06):
him like crazy. I got news for you. There were
other farmers out there pissed off, but they wouldn't actually
have them sit next to them. So the farmers got
screwed and then get taken care of by who us US.
(29:28):
Then the president's out saying this, we're gonna get rid
of the income tax and replace them with tariffs. Well
it comes under the heading of do you think we're idiots?
Income tax raises about two and a half trillion. The
tariff's crew brought in two hundred and fifty billion. They
(29:52):
have to go up tenfold. And if you put them
up tenfold, we're gonna go into a deep recession, if
not worse. Why it's taxing, So all of a sudden,
the tax cuts are usurped by these tax hikes. What
the President is not saying is that two hundred and
(30:13):
fifty billion dollars raised is a tax hike. Costco is
suing the administration right now. If the Supreme Court comes
out against the tariff, Costco wants their money back. Apple
paid one point eight billion dollars in tax. Now they're
not going to ask it back. Why Because Tim Cook
(30:34):
was smart. He bent the knee at the White House
and kissed the butt and got exemptions. In other words,
picking and choosing winners, which is not a part of
the conservative thought process. Again, land of confusion, which takes
(31:01):
me to the other part of the equation. If I
had his ear missed the president, you must stop the
over promising or you're gonna lose the midterms. If you
overpromise and underdeliver, you're screwed. And what do they keep
(31:21):
saying every day? The Golden Age is coming? What affordability
is a hoax? That's what he said the other day.
People watch television. Do you know what the numbers are
on people living paycheck to paycheck. I'll put one plus
(31:43):
one equals to up next. This is the one only
investor's edge.
Speaker 3 (32:14):
You're listening to what.
Speaker 2 (32:18):
One ready.
Speaker 3 (32:25):
We can'try called Bob.
Speaker 2 (32:43):
So for his duration, the worst president ever. Joe Biden
was telling everybody everything's great, terrific, fabulous. Inflation is transitory,
the border, secure up yours and go take a hike. Well,
what are we getting now? Affordabilities a hoax? Now, let
(33:07):
me talk to you about optics, ladies and gentlemen. Number one,
A ton of people live paycheck to paycheck because of affordability,
because it costs a lot to buy homes. Though the
prices are coming down, that's good to see, but rent
goes up, insurance is going up. The tariffs had coffee
(33:30):
going up, and all kinds. Why do you think Trump
just took off the tariffs on a lot of food.
Oh that's right. The tariffs are attacks on the food. Duh. Again,
don't treat us like we're stupid. So imagine these optics.
You have the president out there affordabilities a hoax while
(33:51):
people can't afford and he's saying that in a room
that is now spewed with gold. And I don't use
spewed it. I'm just using that as a word decorated
with a lot of gold. They're gonna lose the election
(34:15):
next year. Because I got news via over promising. I
got news via I'm sure he'll take off more tariffs
that will help, But affordability is a tough nut to crack,
even as a president. And when you talk Golden age
(34:37):
for who for your oval office? That's smothered in gold
Now optics, And unfortunately, I think he has too many
yes people not saying what I'm saying right now. But
(34:59):
guess what he's doing now. He's now going out and
he's gonna tell everybody how great everything is and what
he's gonna do. That's a problem. He's gonna start talking
Golden age. That's a problem. Optics. I gotta tell you.
(35:19):
As bad as the Marxist Party is, if the election
was today, they'd have the House and then watch the
impeachment start within a day. I wish I had his ear.
They are doing it all wrong. Stop with the over promising.
(35:41):
Say you're gonna do the best you can, but it's
not easy. Stop blaming Biden. That's the other thing, Just
so you know they decide in the last week. Just
blame everything on Biden. What month is it, Oh it's December.
(36:01):
When did he start? Oh it's eleven months already and
what's the problem. He said it would take a day,
a week, a month. He over promised. And how do
I know all this? I know a lot of maga
people that wouldn't vote for him today. Maga not just
(36:27):
people who vote Republican, but maga. I know farmers that
wouldn't vote for him today. I know people that were
neck deep wouldn't vote for him. Let's not forget the
optics of the deportations also, which they really screwed up.
By the way, Obama was the king of deporting, but
(36:51):
they did it calmly and quietly. What do they do
with You think Hispanics are going to be happy you
walking into Miami warehouse and just grabbing people. And then
there's a newspaper story that they took a seventy five
year old man that's been here since childhood, and you're
(37:14):
sending him to a country that he's never been in
and breaking up his family. And you think that's gonna
get votes, You're nuts. You're gonna lose votes. And I
don't know if you've seen, he's lost a lot of
Hispanic vote. And I'm not just talking about the election here,
(37:35):
though it sounds. I'm talking about economic policy, which is
as a nine ten and as eleven, and that is
get rid of the frickin' tariffs, all of them. Stop
saying to the end, all be all, don't tell anybody
you're gonna soup it up, and then do the opposite.
(37:56):
Stop changing your mind every three weeks where companies cannot plan,
keep taxes low, get rid of onerous regulations, produce more
oil to keep it down, oil prices down. Don't be
too easy on the money spigot because that can create
(38:17):
inflation again. And then look out below, and then let
us go to work. How's that because right now, and
I'm trying to give him the benefit, it's the land
of confusion. When I watch him every day and I
(38:38):
watch every word, it's mass confusion. To hear somebody say
you're gonna get rid of income tax because of how
many much tariffs is coming into the country. Ain't happening
and the lie so as Gary a con conservative economically fiscally,
(39:03):
Oh don't forget, they're running two trillion dollar deficits too.
And that's just one person, me and I got news
for you. Many others are watching very closely, very closely,
(39:26):
and they would lose the election. If it came today,
We'll be watching. We'll keep informed. But they better get
better at what they are doing on all fronts, the
marketing side, the optic side, the verbal side, the economic side,
(39:52):
because if they don't, it's only going to get worse.
And yes he's touting the market. I would too. Markets
can be fleeting, just trying to help. You'll have a
great evening. Drive carefully when you get home, do like
(40:12):
we do, quite simple. Make sure you hug your family.
Make sure you hug your children. They will feel better.
You will feel better. I promise they will be well.
Thanks for joining, Have a good night, peace out, Bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary cault Mom on
biz Talk. To listen to past episodes or to get
in contact with Gary, go to Garykay dot com. That's
Garykay dot com.
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Viz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:10):
And well, once again to Investor's Edge, I'm Gary kolbaumb
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen, happy that you are listening.
It is Tuesday, it's the ninth, it's December, it's twenty
twenty five. I'm back in Florida. I left fifteen degree
(00:31):
whether I believe we had like sixty five seventy here
in Florida. Why do I even go up to the northeast.
I got to tell you fifteen degrees? That's cold.
Speaker 3 (00:40):
Kids.
Speaker 2 (00:41):
Hey, as always serious talk on everything that affects you,
and particularly now everything that affects you. We pride ourselves
on being in nobody's tank, in nobody's camp. All we're
interested in is not being BSD. We want to be
(01:05):
told the truth. We don't want to be treated like
we're stupid. And unfortunately, another administration, same old, same old,
same old. We'll pick that apart in a little bit.
(01:25):
And why are we gonna pick it apart? Because it
really matters, No, it really matters. And of course, we'll
do the markets, the economy, your job, your industry, whatever
comes to mind, whatever matters. And if you don't get
this radio show in your city, we will post it
(01:45):
at gary Ka dot com. We'll also post it on
our x feed. If you don't follow us at next
you should. If you'd like to email us, just be nice,
by the way, also on the YouTube channel biz tv
and other podcast apps. All right, so a little distribution
in the market. Nothing bad. In fact, while I can
(02:09):
tell you the Dow is down one hundred and seventy
eight today, the Nasdaq was up thirty, and the Nasdaq
one hundred was up forty and the Russell two thousand
was again up. While I can tell you the Dow's
down three hundred and sixty five points this week, um no,
let's call it three hundred and ninety five points this week.
(02:31):
I don't think it's that bad, except if you own
JP Morgan, which we did coming into today, and we'll
explain that in a little bit. But I have to
tell you first off, the big banks acting well, the
gold and silver acting well, little better. Tone in the crypto.
(02:53):
We've had a good broad base move in the market.
But I think we're already losing that broad based particular.
Remember we were telling you how healthcare really coming on. Well,
that didn't last too long. It didn't last too long.
In fact, healthcare kind of getting shmered right now. Some
(03:13):
stocks that went vertical. What's the opposite of vertical? Eli
Lilly talk about that stock went crazy to the upside
and nine straight days down down about one hundred and
thirty points. And I'm being told it's because of major
(03:33):
league competition for that whatever. By the way, it really works,
I hadn't seen. I'm not going to mention who somebody
in about four months who was not thin and more
(03:55):
than and just lost everything, took whatever and boy, oh boy,
wow look great. They say they feel great. Stuff works,
just letting you know. So I don't have much to
(04:16):
complain about except JP Morgan, which was down fifteen bucks today.
Stock was acting perfect, and they had this conference and
they announced something about lower rate on fees for certain things,
and they just hit the crap out of that thing today.
And amazingly, JP Morgan is the one you always depend on. Nope,
(04:38):
Goldman Strong Morgan, Stanley Strong, City Group, Strong Bank in
New York is strong even even Wells Fargo was strong
and they kicked JP Morgan and teeth today Yippi, what else,
tamor' is the Fed? So let me explain two very
(04:59):
important parts of that that will not be explained to you.
Number one, the Fed only controls short term rates unless
they are printing money out of thin air to buy
up the whole freaking bond market like they did a
few years back. They say because of COVID, and of
(05:20):
course they did that, and of course what happened is
they stayed there, they kept it there, and they created
all the stupid inflation. Inflation finally came down when they
stopped printing money and they started raising rates because they
were forced to remember the reason why he doesn't get
buried for the inflations because he is not elected. So
(05:42):
they all blame Biden. Biden gets the blame because he
called the transitory and also is asinine ase ten as
eleven federal spending and increase in the government. Again, as
much as I am not throwing with Trump, Biden was
the worst president we have ever had by far. And
we'll get into President Trump in a little bit. So
(06:06):
he's going to lower short term rates. There's a problem.
What have we said to you for a very long
time about the Fed and rates that they had better
listen to the market if the market is screaming, else
(06:33):
there could be problems. So if the market is screaming,
don't lower rates, and the lower rates could be a problem.
If the market's screaming lower rates and they don't could
be a problem, well, we'll let you know. Leading up
(06:54):
to tomorrow, where it looks like they're going to go
from three and three quarters Fed funds rates three and
a half. The ten year yield in the last seven
eight days has gone from three point nine eight eight
to four point one eighty six. Now you may not
think that's a big move, but it is in a
short period of time, and we're just here wondering is
(07:18):
the market trying to tell him something? And if he
lowers rates too much, what is that going to mean.
On top of that, you have President Trump who has
telegraphed Kevin Hassett as the next head of the Central
Bank after Powell's gone, which means Donald Trump will be
running the FED. Kevin Hassett's just a puppet, nothing personal,
(07:42):
And I'm not even saying that as a put down.
It just is it's the nature of the beast. The
president likes control, and he's gonna put somebody in there
that he can control. There's no doubt in my mind.
So the worry what if he lowers rates but the
(08:04):
ten year yield keeps going higher? What is the ten
year yield? Well, those are your mortgage payments. It's cost
the capital. We're going to be paying attention to that
right now. You have a little bit of persistence to
the upside in long yields. And when we say long,
that's duration. And of course Powell has never listened to
(08:28):
the market because he thinks he's God. And certainly the
president won't listen to the market because he thinks he's
double God. He can do no wrong. And probably if
I'm a billionaire and I became president for a second
time after being blasted for a few years and impeached twice,
I'd probably think I'm God too. Anyway, So that's a
(08:50):
little bit of the story. And again I will tell
you we did not buy into healthcare, and I was
actually a little bit mad about it. I'm not mad
at ay more. They're actually really hitting it pretty darn
good and brought it down pretty quickly. So it's not
(09:12):
all but a lot of avoiding this second until otherwise.
I also have to let you know we did an
early webcast today and I have to tell you there's
still a lot of areas to definably, definitively avoid. And
(09:32):
how do we figure that out? Well, we know what
bear markets look like, we know what bearish markets looks like.
We know where trouble lies based on the action, not
based on what somebody thinks. So just letting you know,
(09:53):
and you know what we're going to do. In a
couple of minutes. We're going to list it for you.
And I have to tell you some names in some
areas are still way way down. Starting with the payroll companies.
We already know the jobs market is on the troublesome side.
ADP and paychecks remain in a brutal bear market. And
(10:19):
if that ain't something to watch, I don't know what
is brutal bear markets. And just so you know what
they do, I use paychecks, they handle all my stuff.
Up next, what are those areas and we'll explain them
(10:41):
to you. I'm Gary, this is the one owning Investor's Edge.
Speaker 4 (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
assets that's managed. We also provide a full range of
personalized services, including retirement planning, fixed income and educational needs,
(11:25):
all to assist you in achieving your financial goals. Understanding
not all individuals have the same needs, will carefully evaluate
your personal goals to determine a proper investment strategy. If
your current approach to investing is not getting you to
where you would like to be, call us to make
an appointment for a complementary portfolio review. The number to
call is eight eight eight four two two five five
(11:47):
five nine. That's eight eight eight four two two five
to five five nine. That's eight eight eight four two
two five to five, five to nine. Investment advisory services
offer through Call Capital Management. It's time to switch on
the integrator units and to get the brain cells working.
Speaker 3 (12:09):
You're listening to okay, it could be fun.
Speaker 2 (12:14):
Investors Edge The last bastion of quality programming.
Speaker 3 (12:18):
With Gary called Bomb. It doesn't get better than this.
Speaker 2 (12:26):
Boy. Oh boy, I'm just noticing in the aftermarket Cracker Barrel,
you know the stock by the way, Classic bear Market
in Cracker Barrel stock's gone from seventy two to twenty
seven since July. It's down another three bucks in change.
(12:47):
After the close, they lowered guidance again, but they kept
the CEO great. And I noticed also daven Busters getting
yanked also in the after market. So you got a restaurant, Dan,
what is Dave? And Busters? A play? What do you do?
A lot of games and restaurant too, both being hit
(13:10):
in the after market. Anyway, just letting you know these areas.
First off, the AutoZone areas, they were already weak and
in bearss trend Autozoned down two hundred and seventy dollars
today seven percent. It is a high price name Classic
bear Market. And of course when you look at the
group Advance Auto Parts Classic bear Market, O'Reilly Automotive Classic
(13:34):
bear Market. What's the other one? Genuine Parts Classic bear Market.
The waste management companies Waste Management, bear Market, Republic Services,
Waste Connection, bear Market, w already mentioned ADP and paychecks.
You know when you give your blood quest Diagnostics and
(13:54):
lab Core well they've topped out badly. By the way,
we put that in the healthcare group auto dealers just
plain all week managed care. We have highlighted that starting
with United Health for a very long time. And by
the way, I might as well stop for one minute
and say I saw a video. It looked like about
(14:18):
twenty five women outside the court. One poster said I
want to marry you Luigi. Another one. What the frick
is a matter with these people? What happened to these
people where they actually are not just hey, we agree
(14:43):
with they're actually going to the court and praising him
and celebrating. They're cheerleading a guy that took out a
freaking gun and like a cowardly prick that he is
shot a man in the back dead who has two
kids and a wife and never did anything to anybody.
(15:06):
And these women, what the hell is going on? Are
they nuts? By the way, it was mostly there were
some men too, and they've raised money for his defense.
He's a murderer. I move on. Hotels. Do you know
(15:32):
about two weeks ago the hotels looked like they had
about sitting at near the highs. Look like they're about
to go top side on a nice little breakout to
the upside. They have all tucked in badly like frightened turtles.
Just let you know. So the hotels have topped. The
(15:54):
cruise lines very bad shape. Only Viking is strong. That
was the recent IPO in the last year. Viking Cruise
is strong, but Royal Norwegian Carnival very weak. Bear markets,
but I do want to point out Norwegian big inside
of buying as of recent But just because somebody's buying
(16:16):
insider wise, does it mean the stock goes up. Housing stocks, well,
we've been all over that for quite a while, and
includes the housing related things. Sherwin Williams in the Dow
a brutal bear market, Williams Sonoma not deathly bear market,
but not bullish. Let's see Whirlpool brutal bear market. So
(16:40):
housing related. Home Depot was down by the way, Home
Depot was down nine pre market, then up to finished
down almost five today. What did they say their comps
going forward? Not very good. And we've done our own
little channel checks at home Depot and I wouldn't say
things are bad, but they're soft stocks saying so so
(17:05):
the home builders, home related, the consumer staples, holy crap,
the Procter and gamble in the Dow. Holy crap, the chlorox,
holy crap to Colgate and General Mills, and the Tobaccos,
Pepsi and Coke. And don't get me started on the
(17:31):
alcohol stocks. That's good news, bad news for the stocks.
Good news that people aren't drinking as much. Bearish China
China Chinese ADR is just plain old bearish. Now restaurants,
(17:51):
there's two that are strong dine brands, which is I
Hop and Applebee's restaurant brands which is Burger King and
Tim Horton's relative strength wise, but don't dare look at
Kava Group. Don't dare look at Chipotle. I mean, holy crap.
(18:15):
And the rest are just well. I just mentioned cracker Barrel,
didn't I How the hell can the CEO keeper job?
Nothing personal? She's overseen a stock owned from seventy two
to twenty three and a half. Now in the after market. Yeah,
let's keep her. The AT and T, Verizon, T Mobile, Bearish,
(18:41):
the utilities, topped, bear Mode, interest rate sensitive. Then you
got some important individual names, Costco, Bear Market, Netflix, bear More.
Boeing looks like it just failed at the fifty day.
(19:03):
Meta just looks like it failed at the fifty day
maybe failed Uber the same tractor supply, MasterCard and Visa
just plain old bearish. And then, as I stated to
you about healthcare, am Gen was at new yearly highs
(19:25):
four days ago at three forty six. It's three thirteen
in four days. That's what we mean by coming after
the healthcare economically sensitive names. Not all. But if one
wants to look at Carrier air Conditioning, brutal bear market
(19:50):
ge looks like it's topped something like a ropeer rop
brutal bear market, Energy Systems, United Rentals just a brutal
top and bearish phase. Now to that important name. So
we're just letting you know there's a lot of eck
(20:11):
still while the indices are up near the highs. The
Russell's app up near the highs. They even the mid caps,
so very important stock selection. Mooe importante right now? Up next?
(20:32):
Have I thrilled yet? Up next? Yeah, we'll figure it
out this, that and the other thing. I'm gary, this
is the one only investor's.
Speaker 3 (20:40):
Edgress you are listening to. America is talking fallow investor's edge.
(21:16):
He's gotta be with the crowd, is just on his
feet here, said you're 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 and walk once again to investor's edge. Of course,
(21:48):
the strength has been the semis, not all the electronic
manufacturer contractors, the data storage, not all the big banks,
not JP Morgan. Today the private equity companies are coming
on strong, like Blackstone, black Rock, Evercore, KKR, other financials,
(22:10):
Pretty Darn Goods, Straight Street Bank, in Vesco, Synchrony Financial.
The Canadian banks are stronger than our banks. Gold Silver,
very very strong. Silver had a bang up day to
day in the megacaps Broadcom, Apple, Google, Strong, Tesla's trying,
(22:33):
but a lot of weakness underneath there. Market's quite interesting.
I must again you better be in the right spots
these areas I just told you about. By the way,
we didn't even mention the bad retailers. There's some strong
retailers now. Abercrombie and Fitch, American Eagle Outfitters, Boot barn
(22:55):
Est Lord are five below Ralph Lauren, Raw Stores, TJ Max,
Urban Outfitter. There's the dollar stores. But don't you dare
go look at Crocs? Don't you dare go look at
Lulu mett Lemon. Holy smokes to that one, don't you dare?
(23:17):
Look at Target so mixed bag there. Also, I didn't
mention defense stocks. You know, the war guys mostly bearish,
so you better be in the right spot. Kids, You
better be in the right spot as we get to
(23:37):
fed tomorrow. Who the hell knows what they do or say?
Again nothing personally, I don't know the guy. He's nauseating
overrated doult seriously about as overrated as can be. Moving on,
(24:01):
I am in first place in my fantasy league, all
by myself with three weeks to go. I should have
already won it, but there were a couple of weeks
where Lamar Jackson just screwed me. But I am in
first place in the Couch Potato League. Name of my
team is Reese's Pieces, after my grandson Reese, and God
(24:25):
blessed the Seattle defense. The Dallas kicker Jamir Gibbs. Wow,
But I gotta keep winning. I think I've got an
easy matchup this week, but I need.
Speaker 1 (24:46):
You know.
Speaker 2 (24:48):
I'm gonna still play Lamar Jackson this week. I could
play the Chargers quarterback, but Lamar Jackson was even a
little bit better than that. By the way. I also
have Puka Nikua, the wide receiver for the Rams, and
he has been bang up for me this year. And
Zayflowers finally had a good game with the Ravens quarterback.
(25:12):
So we shall see. If I win this week and
the second place team loses, I win the championship, I believe.
Hold on, No, I wouldn't still got to win one
more game after that. Yeah, anyway, So that's my Fantasy
League update. So when I go on Fox, I'm very
(25:40):
careful because I know the administration's temperamental and I disagree
with a lot. So what I always do is, you know,
I wish I had the President's ear because I would
tell him, and I do it very constructively, very constructively.
I don't use pejorative, I don't call names, but it
(26:04):
really is getting to be what's the genesis song, Land
of confusion? See, I am economically conservative, forget the rest.
I'm not Republican. I think the Republicans suck. Also, I
(26:25):
think they're full of crap too. Why they're running two
trillion dollar deficits the end of this year and they
didn't have to. But I can go backwards and come
up with other things. But I am economically conservative. I
believe there are certain things. Number one, low taxes, less regulations,
(26:51):
get rid of onerous regulations. And the good news is
the president's doing that. The good news is the president
extended his tax cuts. This is all good news. The
bad news is a lot of the rest. Let's talk
(27:13):
about it. The land of confusion. Well, for months he
was telling you all, trying to convince you that tariffs
are paid by other countries. Well, if I'm to use
the right word, it's a lie. It's not a mistake,
(27:34):
it's a lie. Tariffs are paid by the importer, the business,
who has the choice of putting it on to the consumer.
It's a fact, one thousand percent. Now, one could argue
(27:54):
that could be negotiating between both parties. But by definition,
a tariff is a tax. Yet this Treasury secretary goes
on TV and says it's not a tax. Okay, call
it a fee. What's the difference, it's a cost. Whatever.
(28:15):
We don't like being treated like we're stupid. We don't
like getting the middle finger shot at us. So that's
the start of the little confusion. Not to us, but
he's telling people out there that just want to believe
everything they say, and we understand that. Well, that's number one,
it's a lie. Number two. The president told the farmers
(28:43):
what he's doing for them yesterday, which is handing them
twelve billion dollars. I don't know which way they're doing it,
but the reason he's doing is because he screwed them
because of the tariffs. But he was out there and
he gets a farmer with him sitting there and praising
(29:06):
him like crazy. I got news for you. There were
other farmers out there pissed off, but they wouldn't actually
have them sit next to them. So the farmers got
screwed and then get taken care of by who us US.
(29:28):
Then the president's out saying this, we're gonna get rid
of the income tax and replace them with tariffs. Well
it comes under the heading of do you think we're idiots?
Income tax raises about two and a half trillion. The
tariff's crew brought in two hundred and fifty billion. They
(29:52):
have to go up tenfold. And if you put them
up tenfold, we're gonna go into a deep recession, if
not worse. Why it's taxing, So all of a sudden,
the tax cuts are usurped by these tax hikes. What
the President is not saying is that two hundred and
(30:13):
fifty billion dollars raised is a tax hike. Costco is
suing the administration right now. If the Supreme Court comes
out against the tariff, Costco wants their money back. Apple
paid one point eight billion dollars in tax. Now they're
not going to ask it back. Why Because Tim Cook
(30:34):
was smart. He bent the knee at the White House
and kissed the butt and got exemptions. In other words,
picking and choosing winners, which is not a part of
the conservative thought process. Again, land of confusion, which takes
(31:01):
me to the other part of the equation. If I
had his ear missed the president, you must stop the
over promising or you're gonna lose the midterms. If you
overpromise and underdeliver, you're screwed. And what do they keep
(31:21):
saying every day? The Golden Age is coming? What affordability
is a hoax? That's what he said the other day.
People watch television. Do you know what the numbers are
on people living paycheck to paycheck. I'll put one plus
(31:43):
one equals to up next. This is the one only
investor's edge.
Speaker 3 (32:14):
You're listening to what.
Speaker 2 (32:18):
One ready.
Speaker 3 (32:25):
We can'try called Bob.
Speaker 2 (32:43):
So for his duration, the worst president ever. Joe Biden
was telling everybody everything's great, terrific, fabulous. Inflation is transitory,
the border, secure up yours and go take a hike. Well,
what are we getting now? Affordabilities a hoax? Now, let
(33:07):
me talk to you about optics, ladies and gentlemen. Number one,
A ton of people live paycheck to paycheck because of affordability,
because it costs a lot to buy homes. Though the
prices are coming down, that's good to see, but rent
goes up, insurance is going up. The tariffs had coffee
(33:30):
going up, and all kinds. Why do you think Trump
just took off the tariffs on a lot of food.
Oh that's right. The tariffs are attacks on the food. Duh. Again,
don't treat us like we're stupid. So imagine these optics.
You have the president out there affordabilities a hoax while
(33:51):
people can't afford and he's saying that in a room
that is now spewed with gold. And I don't use
spewed it. I'm just using that as a word decorated
with a lot of gold. They're gonna lose the election
(34:15):
next year. Because I got news via over promising. I
got news via I'm sure he'll take off more tariffs
that will help, But affordability is a tough nut to crack,
even as a president. And when you talk Golden age
(34:37):
for who for your oval office? That's smothered in gold
Now optics, And unfortunately, I think he has too many
yes people not saying what I'm saying right now. But
(34:59):
guess what he's doing now. He's now going out and
he's gonna tell everybody how great everything is and what
he's gonna do. That's a problem. He's gonna start talking
Golden age. That's a problem. Optics. I gotta tell you.
(35:19):
As bad as the Marxist Party is, if the election
was today, they'd have the House and then watch the
impeachment start within a day. I wish I had his ear.
They are doing it all wrong. Stop with the over promising.
(35:41):
Say you're gonna do the best you can, but it's
not easy. Stop blaming Biden. That's the other thing, Just
so you know they decide in the last week. Just
blame everything on Biden. What month is it, Oh it's December.
(36:01):
When did he start? Oh it's eleven months already and
what's the problem. He said it would take a day,
a week, a month. He over promised. And how do
I know all this? I know a lot of maga
people that wouldn't vote for him today. Maga not just
(36:27):
people who vote Republican, but maga. I know farmers that
wouldn't vote for him today. I know people that were
neck deep wouldn't vote for him. Let's not forget the
optics of the deportations also, which they really screwed up.
By the way, Obama was the king of deporting, but
(36:51):
they did it calmly and quietly. What do they do
with You think Hispanics are going to be happy you
walking into Miami warehouse and just grabbing people. And then
there's a newspaper story that they took a seventy five
year old man that's been here since childhood, and you're
(37:14):
sending him to a country that he's never been in
and breaking up his family. And you think that's gonna
get votes, You're nuts. You're gonna lose votes. And I
don't know if you've seen, he's lost a lot of
Hispanic vote. And I'm not just talking about the election here,
(37:35):
though it sounds. I'm talking about economic policy, which is
as a nine ten and as eleven, and that is
get rid of the frickin' tariffs, all of them. Stop
saying to the end, all be all, don't tell anybody
you're gonna soup it up, and then do the opposite.
(37:56):
Stop changing your mind every three weeks where companies cannot plan,
keep taxes low, get rid of onerous regulations, produce more
oil to keep it down, oil prices down. Don't be
too easy on the money spigot because that can create
(38:17):
inflation again. And then look out below, and then let
us go to work. How's that because right now, and
I'm trying to give him the benefit, it's the land
of confusion. When I watch him every day and I
(38:38):
watch every word, it's mass confusion. To hear somebody say
you're gonna get rid of income tax because of how
many much tariffs is coming into the country. Ain't happening
and the lie so as Gary a con conservative economically fiscally,
(39:03):
Oh don't forget, they're running two trillion dollar deficits too.
And that's just one person, me and I got news
for you. Many others are watching very closely, very closely,
(39:26):
and they would lose the election. If it came today,
We'll be watching. We'll keep informed. But they better get
better at what they are doing on all fronts, the
marketing side, the optic side, the verbal side, the economic side,
(39:52):
because if they don't, it's only going to get worse.
And yes he's touting the market. I would too. Markets
can be fleeting, just trying to help. You'll have a
great evening. Drive carefully when you get home, do like
(40:12):
we do, quite simple. Make sure you hug your family.
Make sure you hug your children. They will feel better.
You will feel better. I promise they will be well.
Thanks for joining, Have a good night, peace out, Bye bye.
Speaker 1 (40:22):
This has been Investor's Edge with Gary cault Mom on
biz Talk. To listen to past episodes or to get
in contact with Gary, go to Garykay dot com. That's
Garykay dot com.
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The Burden
The Burden is a documentary series that takes listeners into the hidden places where justice is done (and undone). It dives deep into the lives of heroes and villains. And it focuses a spotlight on those who triumph even when the odds are against them. Season 5 - The Burden: Death & Deceit in Alliance On April Fools Day 1999, 26-year-old Yvonne Layne was found murdered in her Alliance, Ohio home. David Thorne, her ex-boyfriend and father of one of her children, was instantly a suspect. Another young man admitted to the murder, and David breathed a sigh of relief, until the confessed murderer fingered David; “He paid me to do it.” David was sentenced to life without parole. Two decades later, Pulitzer winner and podcast host, Maggie Freleng (Bone Valley Season 3: Graves County, Wrongful Conviction, Suave) launched a “live” investigation into David's conviction alongside Jason Baldwin (himself wrongfully convicted as a member of the West Memphis Three). Maggie had come to believe that the entire investigation of David was botched by the tiny local police department, or worse, covered up the real killer. Was Maggie correct? Was David’s claim of innocence credible? In Death and Deceit in Alliance, Maggie recounts the case that launched her career, and ultimately, “broke” her.” The results will shock the listener and reduce Maggie to tears and self-doubt. This is not your typical wrongful conviction story. In fact, it turns the genre on its head. It asks the question: What if our champions are foolish? Season 4 - The Burden: Get the Money and Run “Trying to murder my father, this was the thing that put me on the path.” That’s Joe Loya and that path was bank robbery. Bank, bank, bank, bank, bank. In season 4 of The Burden: Get the Money and Run, we hear from Joe who was once the most prolific bank robber in Southern California, and beyond. He used disguises, body doubles, proxies. He leaped over counters, grabbed the money and ran. Even as the FBI was closing in. It was a showdown between a daring bank robber, and a patient FBI agent. Joe was no ordinary bank robber. He was bright, articulate, charismatic, and driven by a dark rage that he summoned up at will. In seven episodes, Joe tells all: the what, the how… and the why. Including why he tried to murder his father. Season 3 - The Burden: Avenger Miriam Lewin is one of Argentina’s leading journalists today. At 19 years old, she was kidnapped off the streets of Buenos Aires for her political activism and thrown into a concentration camp. Thousands of her fellow inmates were executed, tossed alive from a cargo plane into the ocean. Miriam, along with a handful of others, will survive the camp. Then as a journalist, she will wage a decades long campaign to bring her tormentors to justice. Avenger is about one woman’s triumphant battle against unbelievable odds to survive torture, claim justice for the crimes done against her and others like her, and change the future of her country. Season 2 - The Burden: Empire on Blood Empire on Blood is set in the Bronx, NY, in the early 90s, when two young drug dealers ruled an intersection known as “The Corner on Blood.” The boss, Calvin Buari, lived large. He and a protege swore they would build an empire on blood. Then the relationship frayed and the protege accused Calvin of a double homicide which he claimed he didn’t do. But did he? Award-winning journalist Steve Fishman spent seven years to answer that question. This is the story of one man’s last chance to overturn his life sentence. He may prevail, but someone’s gotta pay. The Burden: Empire on Blood is the director’s cut of the true crime classic which reached #1 on the charts when it was first released half a dozen years ago. Season 1 - The Burden In the 1990s, Detective Louis N. Scarcella was legendary. In a city overrun by violent crime, he cracked the toughest cases and put away the worst criminals. “The Hulk” was his nickname. Then the story changed. Scarcella ran into a group of convicted murderers who all say they are innocent. They turned themselves into jailhouse-lawyers and in prison founded a lway firm. When they realized Scarcella helped put many of them away, they set their sights on taking him down. And with the help of a NY Times reporter they have a chance. For years, Scarcella insisted he did nothing wrong. But that’s all he’d say. Until we tracked Scarcella to a sauna in a Russian bathhouse, where he started to talk..and talk and talk. “The guilty have gone free,” he whispered. And then agreed to take us into the belly of the beast. Welcome to The Burden.