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 kolbaumb
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen, Happy that you are listening.
It is the twenty thirty September twenty twenty five. Hope
you're having a good day. In the case you don't know,
this is serious talk on everything that affects you. We'll
do the markets, the economy, your job, your industry, all
(00:32):
the more locks in DC and we're finding out more
and more and more and more and more about the
worst administration ever, the last one. Wait to hear the
latest another four years. And you know I'm no Trump
(00:52):
fan anyway, we'll get to that in a little bit. Um.
And if you don't get this radio show and you
say we'll post at Gary k dot com, will us
post it on our xfeed. You can just go to
X and click on it. You should follow us on X. Also,
you can go to biz tv, the YouTube channel and
the other podcast apps and all that crap. And if
(01:15):
you'd like to email me, just be nice. Everybody's been nice.
I had one person being not nice the other day
sent me is the weirdest email. Oh, you're just copycatting
CNBC's Fast Money Show, No disrespect. I haven't watched CNBC
(01:37):
since two thousand and eight. I have not and again,
no disrespect. I just haven't watched it. The only time
I will watch CNBC is I get to know about
what interviews they're going to have. If somebody like Teppers
on there, or Tutor Jones or Stanley Drucamiller or Ron
(02:01):
Barn or Ken langone somebody I really want to see that,
I'll definitely watch the video. I just haven't turned it on.
And again, I know for a fact there's a bunch
of great people on there too, But I just, you know, anyway,
somebody you're just copycatting. So I just wrote back, it's
a guy who always complains about me. I just wrote back, dude,
(02:25):
you got the wrong guy. But what can I tell
you such as life? All right, ladies and gentlemen. I
wrote a few things down in no particular order. Let's
do the markets. First off, that Dow was only down
eighty eight, but the NASDAK was down two fifteen, NASDAK
(02:49):
one hundred and what held up pretty well. The Russell
was only down Measley, the semis were down just a little,
transports were up. It was kind of a stuff day.
The oils had a strong day to day. But there's
a few just so you know, in oil land you
(03:09):
have the refiners like Valero in New yearly highs, but
a lot of things near New yearly lows. So it's
a mixed bag in there. And you'd had some bounces
in defense stocks today had some bounces, and managed care
you had some bounces and different things. The banks were
(03:30):
very strong early, reversed all the way down and finished
minor league green. That was I mean, it was strong early.
And I will have to say this at one time
today and listen carefully. This could be important. The Dow
hit forty six seven four, closed it forty six nine two.
(03:56):
So last I looked at is eight and fourteen twenty two,
a four hundred and twenty two point reversal to the
downside for the dow, which sometimes means you hit a
little wall. Well, you're gonna get some rest. And by
the way, there's this old line sell Russia, Shana buy
(04:19):
Yom Kippour Russia. Shana starts tonight. You never know. That's
really about it. But the other part I want to
talk about. Even today with the market getting hit, let
me tell you what was strong? You ready? The no
(04:41):
sale stuff. You know that no sales nuclear thing that
as a twenty one billion dollar market cap was up
today with the market down. I saw, Let's see a
quantum computing stock that uses tons of money, has like
(05:02):
a couple of million in fees, and it's trading with
a nine billion dollar market cap. I've got also a
if I can find it. Here's one another quantum stock
that actually has some revenues twenty seven thirty eight fifty
(05:24):
million in revenues in the last year, but loses an
awful lot of money. Let's see two dollars a share
six hundred million dollars last year on fifty million in sales. No,
not kidding, it's got a twenty one billion dollar market cap.
It was up today. How about let's see, I'm gonna
(05:47):
throw out another one to you. Here's a no sales drone,
no sales drone at one point four billion dollar market cap.
And you know what I've been telling you, I've been
telling you that if nothing changes. By the way, here's
(06:07):
a takeoff and landing air taxi, no sales, fourteen billion
dollar market cap. If nothing changes. Listen carefully, if nothing changes,
they're all gonna crumble if we go into another bear market.
(06:31):
Not well when and maybe there's not another bear market
for five years, three years, one year, one week. I
don't know if nothing changes. And how do we know this, Well,
all of these stocks traded during the twenty one to
twenty two bear market. Here's one that's really going up big.
(06:54):
This is a the air Taxi one. The stock went
from fourteen to three in the bear market, for instance.
How about me, I'm just gonna pull out a couple
of more from the bear market and just letting you know.
Here's one went from let's see, if you give me
(07:17):
a second league I found it. How about eight down
to eighty cents? How about that one catching my drift?
Or here you go twenty three down to sixty cents
a quantum stock, no sales. So we're just letting you know,
(07:41):
and we've been very blunt with you on this. They
can continue higher. Why can't it no sales? Quantum stock
that's worth twenty billion go to forty, why not if
you can go to twenty. We're just letting you know,
and I want you to listen carefully because a lot
(08:02):
of people are counting these things on the boards and
the social media. They are all going to crumble based
on precedent. If nothing changes, it doesn't matter what they do,
what they sell, it does not matter. They will all crumble.
And again, we have gone through every bear market, every
(08:24):
bear market, and there's a constant behind it. Forget the
fact we told you that the leading names are dropped
seventy percent because they got over owned, overloved and all
that crap. Companies that lose money will crumble, let alone
the companies with no sales. So just keep that in mind,
(08:48):
and you better be listening to us if we start
telling you that the markets topping getting in trouble and
all that. Either way, it's not. Though some areas had
a rough day to day. I just wanted to start
with that and the other part I wanted to start with. Also,
(09:10):
we have warned you also about the overheated IPOs, the
initial public offerings that are coming public and they're opening
them too hot. We just want to let you know
one and we also said yesterday, and a bunch of
them lose a lot of money and have ridiculous valuations. Also,
(09:32):
well here's one you ready, simple fly. They opened it.
It's seventy four dollars from a forty five dollars ipo.
They reported another big loss and a drop in sales
and a stock was down fifteen percent to forty two bucks.
(09:54):
Seventy four to forty two. It's called Firefly Aerospace. I
gotta start looking up what they do. It's probably cool.
And also I found another one. Well, I've done a
few of you, but recently MNTN. It's called MNTN. Well
that's a symbol. It's called Mountain dot com. And another
(10:18):
constant they lose a ton of money. Well, they opened
it up at thirty two. It's eighteen last I look,
that's in the forties. In the forties, So just be careful.
Everything we do we take out of the market what
it tells you. And the market's been telling this for weeks.
(10:39):
More today of that up next, more on the markets
and some winding and complaining. This is the one only
investor's edge. Hi.
Speaker 3 (11:02):
I'm Gary Kolbaum hosted a nationally syndicated radio show Investor's Edge.
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(11:25):
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eight eight four two two five five five nine. That's
(11:48):
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That's eight eight eight four two two five to five,
five to nine. Investment advisory services offer through Call Capital Management.
Speaker 4 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 5 (12:09):
You're listening to. Okay, it could be fun. Investors Edge.
Speaker 4 (12:15):
The last bastion of quality programming.
Speaker 5 (12:18):
With Gary called Bomb. It doesn't get better than this.
Speaker 2 (12:30):
Okay, next, So I was thumbing through my usual informational
movements at night last night, And what do I mean
by that is I'm reading through important news and also
(12:55):
a little bit of opinion. And yesterday on the show
we had met to about the move and in Vidious
they strong move on volume, big announcement with the AI
and chat GPT and all that. But I had said
to you this something called vendor financing, and that in
(13:15):
the year two ninety nine, two thousand, you had companies
doing deals with other companies, investing in companies, given them
money to buy your product vendor financing, and that really
started trouble. So and Vidia did this deal the talking
(13:39):
I mean one hundred billion bucks or whatever. But everybody
who was posting last night was saying, this is just
like the vendor financing. It's a incestuous circle and it
does not hold any water. Well, and Video was right
(14:00):
back down five dollars and forty cents today, make that
five twenty, giving back a lot of yesterday. Huh. We
own a little bit, very tiny position if it breaks
the fifty day, which is not far away. Good night, Irene. Anyway,
(14:24):
go read up the words vendor financing and you'll see
what we're talking about. You got that, and I'm not
making a comment on that, but I gotta tell you
if it is the case, big oh, because what ends
up happening you are booking revenues with your own money.
(14:45):
That's what the accusations are. We're not accusing them, but
that's what happened in ninety nine. I believe Lucent and
a few others. So just letting you know. On the Nvidia,
which did not help, Oracle pulled back today. Oracle was
(15:05):
up like twenty five twenty six bucks yesterday was down
like fourteen Today. The cues got hit. As I said,
there was big reversals in the banks. I got one
major name just breaking down today, and that's Amazon. And
I have been telling our peeps. I still wonder whether
(15:27):
the big gap to the downside in late July holds sway,
even though it's rallied up, but it's rallied up with
the market, and the first day the Nasdaq is kind
of down. It got squashed today, just slamming through the
fifty day moving average. We'll see what happens tomorrow, but
that is not a very good look for Amazon. I
(15:51):
can tell you Microsoft is hovering right at the fifty
day and still having a little trouble there. Netflix is
hovering right at the fifty day, and Spotify, which had
a good move a few days ago, gave a lot
of it back today, so that's not great news. And
there's some other big names that are just miserable, Salesforce,
dot Com, Adobe and things like that. The strength though
(16:15):
is the Broadcom and video though rough day, Meta, rough
day to day heading back towards the fifty day. We
told you about Oracle and Tesla finally had a down
day today and that was due that's had a pretty
big move in short order. Semis are in shape today.
(16:36):
Mostly United Health bounced, but I don't have that. You know,
what's to play United Health when there's a criminal investigation
on it, you know, And I'll buy it when I
see the CEO walking into the White House. Somehow, every
ceo that walks into the White House comes out with
good news. Have you noticed that I have? So we
(17:02):
just wanted to let you know. Still a lot of
froth and speculation, ridiculous valuations, and we promise you we
will inform you if that time comes, and when that
time comes, and again we did it for you in
twenty two, we did it for you right before COVID.
(17:22):
We certainly did it. In the eighth nine, I believe
eleven twenty eleven, there was a blasting also in the market.
We'll stay on top. Why because you can't hide bad
action in the market. You can hide breakdowns in the market.
And you got to assume we know what a breakdown
looks like, and uptrend and downtrend and all that crap.
(17:44):
And that is all, by the way, that's an you
heard my phone. That's another spam call. I get so
many damn spam calls, don't you don't I don't every
nat like one every twenty I'll answer and you hear
the boom and then's somebody comes on, Hello, this is
so and so from so and so. We looked you
(18:08):
up and we can give you a loan of one
hundred and fifty thousand dollars. Yes, sure, right, anyway, another
spam call? How about that? What else? Oils? Just watching
a few And that's the first time I'm really saying that.
I said recently, they're better, but nothing spectacular. Transports. In
(18:33):
case you don't know, there's a merger with Norfolk Southern
and Union Pacific, and it looks like the president or
the department or whatever is going to let that go through.
So that got bid up a little bit. Restaurants, exchanges,
insurance staples which bounced a little bit today. A lot
(18:56):
of the big biotech those small there's a bunch of
speculative biotechs doing better. Here you go, you ready? This
is the message I got from that spam call Hi,
This is Anthony with the Business Finance Support Team, Call
you regarding the business credit line available sixty eight thousand dollars.
I mean, how many of these people are out there? Seriously,
(19:20):
they're so kind they're gonna give me sixty eight thousand dollars.
I appreciate that. How sweet. Usually it's six hundred and
eighty thousand, so this one is cheapenan me. Mike Ron
reported after the close, looks like good numbers was up
(19:41):
to one seventy six. It's only one sixty eight now,
but this is very extended. The stock has gone vertical
as of recent and they better come through with those numbers.
And that's about in on the markets today. Let's see
the ten year yield pulled back today. Good to see
(20:05):
oil price is spiked up, though not good to see.
Last thing we want to see is oil price is
spiking higher. Just so you know, mouie importante, very important.
Don't want that happening. Broad Market not that great today.
(20:30):
They pulled back some of the China and that's it.
Up next News of the day. This is the one
only investor's edge.
Speaker 5 (21:11):
You're listening to. America is talking following investor's edge.
Speaker 2 (21:16):
He's gotta be with the crowd.
Speaker 5 (21:18):
Is just on his feet here.
Speaker 1 (21:20):
Said on a boy with Gary called Bob.
Speaker 4 (21:23):
I'm highly recommended. You're gonna feel better if you talk
to him.
Speaker 2 (21:39):
And well, once again to investor's Edge. So, uh, a
few bits going on today. Oh, let's start with Joe
Biden and Kamala Harris. We do this. We take on
the leaders of this country because they've all let us down.
(22:04):
I know the people out there that are listening that
love Trump. He's running two trillion plus deficits this year.
He did nothing about it. He didn't tell the truth.
We have to call him on that. Now. A lot
of that is Biden, but the president had every opportunity
(22:25):
to do something about it. Biden did that one point
eight trillion bull crap, the Inflation Reduction Act that Biden
came out admitted had nothing to do with reducing inflation.
And the well, as I say to you, if I
was president, that crap is cut in half before you booth.
(22:47):
And the reason why the President Trump doesn't do that,
or the Republican Party doesn't cut that out is very simple.
Government spending goes towards g D and if you pull back,
it hurts screw the long term anyway. That would be
(23:11):
number one. And you know my other complaints of Trump.
But as I have stated, we have never seen anything
like how bad Joe Biden was, and unfortunately the corrupt
sleezebag of media covered up everything from ten million people
(23:32):
come in, people dying, crossing rivers and in the back
of trucks, children missing. Do you remember how they ripped
Trump in his first four years about breaking up of families.
They were running twenty four to seven. Guess what Biden
did you how many children was missing? Tons media covered
(23:52):
it up and they told us the borders were secure.
They completely lied about it. He ran two trillion dollar
deficits Afghanistan where the Afghani women Now we're back to
the dark ages, leaving a ton of artillery and military
crap over there. I can go on and on and
(24:15):
on and on and on and on. But we find
out more today. And we kind of knew this, but
we find out more. How bad the worst president ever?
You know, they're all complaining about speech now right and
free speech? Remember that right? Well, Google has come out
(24:43):
and admitted the following, officially and publicly to the House
Judiciary Committee. The Biden administration pressured Google is censor Americans
and remove content that never violated YouTube's policies. The Biden
(25:10):
administration sense of pressure. This is what Google's saying unacceptable
and wrong. Google is admitting that the Biden administration didn't
give a crap about your free speech. We already knew that,
(25:30):
you know how We knew it when we went on
Google and put searches in and wacky things showed up,
and stupid things showed up or nothing showed up based
on left versus right, we knew. So now we know
(25:56):
Joe Biden didn't give a crap about speech, free speech,
And of course Zuckerberg has also said the same with Facebook.
But I got one more for you. What have we
told you here? Who we are? Well, we're big believers
(26:23):
in we're all equal, every race, Creed colored gender denomination, short, tall, fat, skinny, blonde, brunette,
redhead doesn't matter at us. We treat you all as equals.
We don't care if you're the CEO with the janitor.
(26:43):
We don't care if you clean the toilets of the building.
You are more important than the CEO, because there'll be
so l if the toilets ain't working. We believe waitresses
and busboys matter, big timer. You're not getting so at
your restaurants. Nurses, doctors, firefighters, policemen. Revere them, every single
(27:17):
one of them, unless they like hamas. And we also
believe in not choosing based on ever doesn't matter if
you earn something. We don't care who you are, what
(27:39):
you are, how you are, and all that crap, as
long as you lead a good life. Legally, very simple, right.
Kamala Harris in her book says she didn't pick Pete
Boudhajeedge for vice president because he's gay and she had
to admit it. And when she was asked by Rachel
Maddow and an MSNBC, she says no, no, no, and
(28:02):
then answers it and says yes, yes, yes, So now
we know that Kamala Harris is a homophobe. The vice
president was a homophobe. Would not pick somebody because they're gay.
Just want to let you know what we were dealing
(28:23):
with for four years. It all comes out, it all
comes out, the worst administration ever, and we've had some
bad ones and as you know, we're no fan of Trump.
(28:43):
Let in ten million people. We don't know where a
bunch of them are and they admitted that, by the way,
we're not sure where people are. Massive debt and deficits. Oh,
I forgot the inflation part, which, by the way, I
don't give him the much of the blame. I give
him a little. It was mostly Powell just letting you
(29:06):
know who these people were. And yet when miss Harris
was on the View today and I didn't watch it,
but you get these little videos, they were treating her
like sweetheart. Imagine if that was a Republican that did
not pick somebody because they were gay. Huh, what would
the View do? They'd be having crap fits. Well, that's
(29:28):
what we're dealing with, ladies and gentlemen. The media is
full of crap, and certain people are full of crap.
A lot of them are full of crap. Anyway, I
just wanted to let you know because that's what we
were dealing with as he took us to two trillion
dollar yearly deficits, just letting you know while his family
got very, very rich, and while he handed out our
(29:51):
tax dollars at the end of his term to all
kinds of miscreants. Stacy Abrams go look her up. Oh,
by the way, they interview her like she's a sweetheart,
just another corrupt and she never became a politician. She
lost every time, but they sure know how to get
(30:12):
money through NGOs and charities. There's a lot of that
going on, which takes me to the UN speech today
of the President. I'm gonna watch the whole thing tonight,
(30:34):
but I wish he'd stop embellishing. There's some my love
hate relationship with him. He said some good things, but
a there's a place and there's a time. And don't
get me wrong, I hate the UN sucks. Nightmarish, nightmarish,
(30:57):
a horror show. The UN sucks, antisemitic crazies, human Rights
Commission with the most nefarious pieces of crap around the world.
(31:18):
Too much of that speech as I was watching today,
too much embellishing. And everybody knows the embellishments. I wish
you would just stop. I wish I could sit down
with him. Don't need to, he wouldn't listen to me,
right all right? Up next? That was plenty right, This,
(31:42):
that and the other thing. This is the one only investor's.
Speaker 5 (31:45):
Edge you're listening to. What are you waiting for one
(32:19):
to ready go inquests? We can't recalled Bob.
Speaker 2 (33:00):
And walk once again to investor's edge. And to make
sure you know we discuss these other things because they matter.
They matter. Yeah, one point two trillion of your tax
dollars is going towards interest because of them. You can
(33:23):
know that one point two trillion. Do you know our
whole federal spending in the year two thousand was one
point eight These are legalized crimes brought to you by Trump, Biden, Trump, Obama, Bush.
(33:45):
They just really started going nuclear on us under Bush.
And if you notice, Bush is gone, Obama's gone, What
do they care? Trump is back and he's doing the same,
(34:07):
and Biden's gone. They don't care. And just so you know,
when they report the gdpiece three percent, if you took
out government at this point, just so you know, government
spending has quadrupled more than quadrupled since the year two thousand.
(34:29):
Why is our government quadrupled since the year two thousand?
Somebody want to explain that to me, Well, social Security, Medicare, Medicaid.
But wait a minute, didn't we all put our money
into those to get out? Oh that's right, ponzis and
(34:55):
no preparation as people living longer, and they do nothing
about it. I got to give the president credit. They're
actually talking about raising the retirement age for solid security,
just so you know, it looks like it's necessary. And
(35:18):
if they did do it, you know it's gonna happen.
The other side's gonna tell you that they're throwing Grandma
off the cliff. But the other side was part of
fifty percent. Cause this is all coming down the pike.
Ladies and gentlemen, just let me know it's all coming
down the pike when I don't know and where. In
(35:44):
other very important financial news, the new guy that the
President put in said that.
Speaker 3 (35:53):
J.
Speaker 2 (35:53):
Powell, which just went to four percent on the Fed Fund,
should be at two percent. No, he should not. As
I told you, President is going to put in puppets
that want very low interest rates. Puppets. That's what we
(36:15):
are going to get and unfortunately it's going to cause
huge inflation if they do that. That's what easy money does.
Inflation is a monetary phenomenon. J. Powell caused it with
his ridiculous printing zero percent interest rates. Also, and notice
(36:37):
how inflation came down when he stopped printing and started
raising rates. We told you. But the reason he doesn't
get blamed is because he's not a politician. He's getting
blamed now finally because they want is you know what out?
So we're worried because in the next what is it
(36:58):
next May, the President's going to put in himself to
run the FED. And what we mean by that is
anybody he puts in, we'll have to do exactly what
he wants, which is he said one percent, which would
be sheer insanity. What it also may do, and what
(37:21):
it also could do is do the opposite. They lower
short term rates, which by the way, takes your money
market funds away and long term rates go high or
squeezing you on your mortgages. Just want you to remember that.
(37:44):
And we say that we ain't kidding. We have a
pretty decent feel. We have a pretty decent feel, a
very decent feel for the market in the FED as
we have proven it to you for many a moon.
(38:08):
As bad as j Powell was, he hasn't been so
bad recently, stayed stable. If I was president right now,
I would be at three and three quarters, another quarter
point down, maybe three and a half, that's it, and
then steady as she goes. We worry there's gonna be
(38:33):
no fed. Well, there's gonna be no fed independence. It's
a guarantee. Unfortunately, it's a darn guarantee. I wish I
had better things to say, but it's a darn guarantee,
(39:00):
and it's coming down the pike. Will be on top
of it. We think they learned their lessons on the
tariff front. We don't think there's going to be any
(39:20):
more of that coming down. We'll let you know if
they decide, but I'm pretty sure a ten percent crash
in two days takes that off the table, because that's
exactly what happened in early April and is by no accident,
(39:42):
By no accident, markets turned up when they went away
from Liberation Day. I've received a ton of email on
this autism thing. I know nothing about it. I just
don't trust Robert Kennedy as far as I can throw
(40:02):
and I worry about it. We'll be reading up a
lot more about it. That all said, you have a
great evening. Drive carefully when you get home, do like
we do, very 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 until tomorrow, peace out, all good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cultbom 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 kolbaumb
your host day. Thanks for being with us today. Glad
you're here, ladies and gentlemen, Happy that you are listening.
It is the twenty thirty September twenty twenty five. Hope
you're having a good day. In the case you don't know,
this is serious talk on everything that affects you. We'll
do the markets, the economy, your job, your industry, all
(00:32):
the more locks in DC and we're finding out more
and more and more and more and more about the
worst administration ever, the last one. Wait to hear the
latest another four years. And you know I'm no Trump
(00:52):
fan anyway, we'll get to that in a little bit. Um.
And if you don't get this radio show and you
say we'll post at Gary k dot com, will us
post it on our xfeed. You can just go to
X and click on it. You should follow us on X. Also,
you can go to biz tv, the YouTube channel and
the other podcast apps and all that crap. And if
(01:15):
you'd like to email me, just be nice. Everybody's been nice.
I had one person being not nice the other day
sent me is the weirdest email. Oh, you're just copycatting
CNBC's Fast Money Show, No disrespect. I haven't watched CNBC
(01:37):
since two thousand and eight. I have not and again,
no disrespect. I just haven't watched it. The only time
I will watch CNBC is I get to know about
what interviews they're going to have. If somebody like Teppers
on there, or Tutor Jones or Stanley Drucamiller or Ron
(02:01):
Barn or Ken langone somebody I really want to see that,
I'll definitely watch the video. I just haven't turned it on.
And again, I know for a fact there's a bunch
of great people on there too, But I just, you know, anyway,
somebody you're just copycatting. So I just wrote back, it's
a guy who always complains about me. I just wrote back, dude,
(02:25):
you got the wrong guy. But what can I tell
you such as life? All right, ladies and gentlemen. I
wrote a few things down in no particular order. Let's
do the markets. First off, that Dow was only down
eighty eight, but the NASDAK was down two fifteen, NASDAK
(02:49):
one hundred and what held up pretty well. The Russell
was only down Measley, the semis were down just a little,
transports were up. It was kind of a stuff day.
The oils had a strong day to day. But there's
a few just so you know, in oil land you
(03:09):
have the refiners like Valero in New yearly highs, but
a lot of things near New yearly lows. So it's
a mixed bag in there. And you'd had some bounces
in defense stocks today had some bounces, and managed care
you had some bounces and different things. The banks were
(03:30):
very strong early, reversed all the way down and finished
minor league green. That was I mean, it was strong early.
And I will have to say this at one time
today and listen carefully. This could be important. The Dow
hit forty six seven four, closed it forty six nine two.
(03:56):
So last I looked at is eight and fourteen twenty two,
a four hundred and twenty two point reversal to the
downside for the dow, which sometimes means you hit a
little wall. Well, you're gonna get some rest. And by
the way, there's this old line sell Russia, Shana buy
(04:19):
Yom Kippour Russia. Shana starts tonight. You never know. That's
really about it. But the other part I want to
talk about. Even today with the market getting hit, let
me tell you what was strong? You ready? The no
(04:41):
sale stuff. You know that no sales nuclear thing that
as a twenty one billion dollar market cap was up
today with the market down. I saw, Let's see a
quantum computing stock that uses tons of money, has like
(05:02):
a couple of million in fees, and it's trading with
a nine billion dollar market cap. I've got also a
if I can find it. Here's one another quantum stock
that actually has some revenues twenty seven thirty eight fifty
(05:24):
million in revenues in the last year, but loses an
awful lot of money. Let's see two dollars a share
six hundred million dollars last year on fifty million in sales. No,
not kidding, it's got a twenty one billion dollar market cap.
It was up today. How about let's see, I'm gonna
(05:47):
throw out another one to you. Here's a no sales drone,
no sales drone at one point four billion dollar market cap.
And you know what I've been telling you, I've been
telling you that if nothing changes. By the way, here's
(06:07):
a takeoff and landing air taxi, no sales, fourteen billion
dollar market cap. If nothing changes. Listen carefully, if nothing changes,
they're all gonna crumble if we go into another bear market.
(06:31):
Not well when and maybe there's not another bear market
for five years, three years, one year, one week. I
don't know if nothing changes. And how do we know this, Well,
all of these stocks traded during the twenty one to
twenty two bear market. Here's one that's really going up big.
(06:54):
This is a the air Taxi one. The stock went
from fourteen to three in the bear market, for instance.
How about me, I'm just gonna pull out a couple
of more from the bear market and just letting you know.
Here's one went from let's see, if you give me
(07:17):
a second league I found it. How about eight down
to eighty cents? How about that one catching my drift?
Or here you go twenty three down to sixty cents
a quantum stock, no sales. So we're just letting you know,
(07:41):
and we've been very blunt with you on this. They
can continue higher. Why can't it no sales? Quantum stock
that's worth twenty billion go to forty, why not if
you can go to twenty. We're just letting you know,
and I want you to listen carefully because a lot
(08:02):
of people are counting these things on the boards and
the social media. They are all going to crumble based
on precedent. If nothing changes, it doesn't matter what they do,
what they sell, it does not matter. They will all crumble.
And again, we have gone through every bear market, every
(08:24):
bear market, and there's a constant behind it. Forget the
fact we told you that the leading names are dropped
seventy percent because they got over owned, overloved and all
that crap. Companies that lose money will crumble, let alone
the companies with no sales. So just keep that in mind,
(08:48):
and you better be listening to us if we start
telling you that the markets topping getting in trouble and
all that. Either way, it's not. Though some areas had
a rough day to day. I just wanted to start
with that and the other part I wanted to start with. Also,
(09:10):
we have warned you also about the overheated IPOs, the
initial public offerings that are coming public and they're opening
them too hot. We just want to let you know
one and we also said yesterday, and a bunch of
them lose a lot of money and have ridiculous valuations. Also,
(09:32):
well here's one you ready, simple fly. They opened it.
It's seventy four dollars from a forty five dollars ipo.
They reported another big loss and a drop in sales
and a stock was down fifteen percent to forty two bucks.
(09:54):
Seventy four to forty two. It's called Firefly Aerospace. I
gotta start looking up what they do. It's probably cool.
And also I found another one. Well, I've done a
few of you, but recently MNTN. It's called MNTN. Well
that's a symbol. It's called Mountain dot com. And another
(10:18):
constant they lose a ton of money. Well, they opened
it up at thirty two. It's eighteen last I look,
that's in the forties. In the forties, So just be careful.
Everything we do we take out of the market what
it tells you. And the market's been telling this for weeks.
(10:39):
More today of that up next, more on the markets
and some winding and complaining. This is the one only
investor's edge. Hi.
Speaker 3 (11:02):
I'm Gary Kolbaum hosted a nationally syndicated radio show Investor's Edge.
We're not just handsome radio people. We manage investors' money
for a living, specializing in fee based discretionary money management,
no big commissions, just a fee on the assets that's managed.
We also provide a full range of personalized services, including
retirement planning, fixed income and educational needs, all to assist
(11:25):
you in achieving your financial goals. Understanding not all individuals
have the same needs, will carefully evaluate your personal goals
to determine a proper investment strategy. If your current approach
to investing is not getting you to where you would
like to be, call us to make an appointment for
a complementary portfolio review. The number to call is eight
eight eight four two two five five five nine. That's
(11:48):
eight eight eight four two two five to five five nine.
That's eight eight eight four two two five to five,
five to nine. Investment advisory services offer through Call Capital Management.
Speaker 4 (12:05):
It's time to switch on the integrator units and to
get the brain cells where.
Speaker 5 (12:09):
You're listening to. Okay, it could be fun. Investors Edge.
Speaker 4 (12:15):
The last bastion of quality programming.
Speaker 5 (12:18):
With Gary called Bomb. It doesn't get better than this.
Speaker 2 (12:30):
Okay, next, So I was thumbing through my usual informational
movements at night last night, And what do I mean
by that is I'm reading through important news and also
(12:55):
a little bit of opinion. And yesterday on the show
we had met to about the move and in Vidious
they strong move on volume, big announcement with the AI
and chat GPT and all that. But I had said
to you this something called vendor financing, and that in
(13:15):
the year two ninety nine, two thousand, you had companies
doing deals with other companies, investing in companies, given them
money to buy your product vendor financing, and that really
started trouble. So and Vidia did this deal the talking
(13:39):
I mean one hundred billion bucks or whatever. But everybody
who was posting last night was saying, this is just
like the vendor financing. It's a incestuous circle and it
does not hold any water. Well, and Video was right
(14:00):
back down five dollars and forty cents today, make that
five twenty, giving back a lot of yesterday. Huh. We
own a little bit, very tiny position if it breaks
the fifty day, which is not far away. Good night, Irene. Anyway,
(14:24):
go read up the words vendor financing and you'll see
what we're talking about. You got that, and I'm not
making a comment on that, but I gotta tell you
if it is the case, big oh, because what ends
up happening you are booking revenues with your own money.
(14:45):
That's what the accusations are. We're not accusing them, but
that's what happened in ninety nine. I believe Lucent and
a few others. So just letting you know. On the Nvidia,
which did not help, Oracle pulled back today. Oracle was
(15:05):
up like twenty five twenty six bucks yesterday was down
like fourteen Today. The cues got hit. As I said,
there was big reversals in the banks. I got one
major name just breaking down today, and that's Amazon. And
I have been telling our peeps. I still wonder whether
(15:27):
the big gap to the downside in late July holds sway,
even though it's rallied up, but it's rallied up with
the market, and the first day the Nasdaq is kind
of down. It got squashed today, just slamming through the
fifty day moving average. We'll see what happens tomorrow, but
that is not a very good look for Amazon. I
(15:51):
can tell you Microsoft is hovering right at the fifty
day and still having a little trouble there. Netflix is
hovering right at the fifty day, and Spotify, which had
a good move a few days ago, gave a lot
of it back today, so that's not great news. And
there's some other big names that are just miserable, Salesforce,
dot Com, Adobe and things like that. The strength though
(16:15):
is the Broadcom and video though rough day, Meta, rough
day to day heading back towards the fifty day. We
told you about Oracle and Tesla finally had a down
day today and that was due that's had a pretty
big move in short order. Semis are in shape today.
(16:36):
Mostly United Health bounced, but I don't have that. You know,
what's to play United Health when there's a criminal investigation
on it, you know, And I'll buy it when I
see the CEO walking into the White House. Somehow, every
ceo that walks into the White House comes out with
good news. Have you noticed that I have? So we
(17:02):
just wanted to let you know. Still a lot of
froth and speculation, ridiculous valuations, and we promise you we
will inform you if that time comes, and when that
time comes, and again we did it for you in
twenty two, we did it for you right before COVID.
(17:22):
We certainly did it. In the eighth nine, I believe
eleven twenty eleven, there was a blasting also in the market.
We'll stay on top. Why because you can't hide bad
action in the market. You can hide breakdowns in the market.
And you got to assume we know what a breakdown
looks like, and uptrend and downtrend and all that crap.
(17:44):
And that is all, by the way, that's an you
heard my phone. That's another spam call. I get so
many damn spam calls, don't you don't I don't every
nat like one every twenty I'll answer and you hear
the boom and then's somebody comes on, Hello, this is
so and so from so and so. We looked you
(18:08):
up and we can give you a loan of one
hundred and fifty thousand dollars. Yes, sure, right, anyway, another
spam call? How about that? What else? Oils? Just watching
a few And that's the first time I'm really saying that.
I said recently, they're better, but nothing spectacular. Transports. In
(18:33):
case you don't know, there's a merger with Norfolk Southern
and Union Pacific, and it looks like the president or
the department or whatever is going to let that go through.
So that got bid up a little bit. Restaurants, exchanges,
insurance staples which bounced a little bit today. A lot
(18:56):
of the big biotech those small there's a bunch of
speculative biotechs doing better. Here you go, you ready? This
is the message I got from that spam call Hi,
This is Anthony with the Business Finance Support Team, Call
you regarding the business credit line available sixty eight thousand dollars.
I mean, how many of these people are out there? Seriously,
(19:20):
they're so kind they're gonna give me sixty eight thousand dollars.
I appreciate that. How sweet. Usually it's six hundred and
eighty thousand, so this one is cheapenan me. Mike Ron
reported after the close, looks like good numbers was up
(19:41):
to one seventy six. It's only one sixty eight now,
but this is very extended. The stock has gone vertical
as of recent and they better come through with those numbers.
And that's about in on the markets today. Let's see
the ten year yield pulled back today. Good to see
(20:05):
oil price is spiked up, though not good to see.
Last thing we want to see is oil price is
spiking higher. Just so you know, mouie importante, very important.
Don't want that happening. Broad Market not that great today.
(20:30):
They pulled back some of the China and that's it.
Up next News of the day. This is the one
only investor's edge.
Speaker 5 (21:11):
You're listening to. America is talking following investor's edge.
Speaker 2 (21:16):
He's gotta be with the crowd.
Speaker 5 (21:18):
Is just on his feet here.
Speaker 1 (21:20):
Said on a boy with Gary called Bob.
Speaker 4 (21:23):
I'm highly recommended. You're gonna feel better if you talk
to him.
Speaker 2 (21:39):
And well, once again to investor's Edge. So, uh, a
few bits going on today. Oh, let's start with Joe
Biden and Kamala Harris. We do this. We take on
the leaders of this country because they've all let us down.
(22:04):
I know the people out there that are listening that
love Trump. He's running two trillion plus deficits this year.
He did nothing about it. He didn't tell the truth.
We have to call him on that. Now. A lot
of that is Biden, but the president had every opportunity
(22:25):
to do something about it. Biden did that one point
eight trillion bull crap, the Inflation Reduction Act that Biden
came out admitted had nothing to do with reducing inflation.
And the well, as I say to you, if I
was president, that crap is cut in half before you booth.
(22:47):
And the reason why the President Trump doesn't do that,
or the Republican Party doesn't cut that out is very simple.
Government spending goes towards g D and if you pull back,
it hurts screw the long term anyway. That would be
(23:11):
number one. And you know my other complaints of Trump.
But as I have stated, we have never seen anything
like how bad Joe Biden was, and unfortunately the corrupt
sleezebag of media covered up everything from ten million people
(23:32):
come in, people dying, crossing rivers and in the back
of trucks, children missing. Do you remember how they ripped
Trump in his first four years about breaking up of families.
They were running twenty four to seven. Guess what Biden
did you how many children was missing? Tons media covered
(23:52):
it up and they told us the borders were secure.
They completely lied about it. He ran two trillion dollar
deficits Afghanistan where the Afghani women Now we're back to
the dark ages, leaving a ton of artillery and military
crap over there. I can go on and on and
(24:15):
on and on and on and on. But we find
out more today. And we kind of knew this, but
we find out more. How bad the worst president ever?
You know, they're all complaining about speech now right and
free speech? Remember that right? Well, Google has come out
(24:43):
and admitted the following, officially and publicly to the House
Judiciary Committee. The Biden administration pressured Google is censor Americans
and remove content that never violated YouTube's policies. The Biden
(25:10):
administration sense of pressure. This is what Google's saying unacceptable
and wrong. Google is admitting that the Biden administration didn't
give a crap about your free speech. We already knew that,
(25:30):
you know how We knew it when we went on
Google and put searches in and wacky things showed up,
and stupid things showed up or nothing showed up based
on left versus right, we knew. So now we know
(25:56):
Joe Biden didn't give a crap about speech, free speech,
And of course Zuckerberg has also said the same with Facebook.
But I got one more for you. What have we
told you here? Who we are? Well, we're big believers
(26:23):
in we're all equal, every race, Creed colored gender denomination, short, tall, fat, skinny, blonde, brunette,
redhead doesn't matter at us. We treat you all as equals.
We don't care if you're the CEO with the janitor.
(26:43):
We don't care if you clean the toilets of the building.
You are more important than the CEO, because there'll be
so l if the toilets ain't working. We believe waitresses
and busboys matter, big timer. You're not getting so at
your restaurants. Nurses, doctors, firefighters, policemen. Revere them, every single
(27:17):
one of them, unless they like hamas. And we also
believe in not choosing based on ever doesn't matter if
you earn something. We don't care who you are, what
(27:39):
you are, how you are, and all that crap, as
long as you lead a good life. Legally, very simple, right.
Kamala Harris in her book says she didn't pick Pete
Boudhajeedge for vice president because he's gay and she had
to admit it. And when she was asked by Rachel
Maddow and an MSNBC, she says no, no, no, and
(28:02):
then answers it and says yes, yes, yes, So now
we know that Kamala Harris is a homophobe. The vice
president was a homophobe. Would not pick somebody because they're gay.
Just want to let you know what we were dealing
(28:23):
with for four years. It all comes out, it all
comes out, the worst administration ever, and we've had some
bad ones and as you know, we're no fan of Trump.
(28:43):
Let in ten million people. We don't know where a
bunch of them are and they admitted that, by the way,
we're not sure where people are. Massive debt and deficits. Oh,
I forgot the inflation part, which, by the way, I
don't give him the much of the blame. I give
him a little. It was mostly Powell just letting you
(29:06):
know who these people were. And yet when miss Harris
was on the View today and I didn't watch it,
but you get these little videos, they were treating her
like sweetheart. Imagine if that was a Republican that did
not pick somebody because they were gay. Huh, what would
the View do? They'd be having crap fits. Well, that's
(29:28):
what we're dealing with, ladies and gentlemen. The media is
full of crap, and certain people are full of crap.
A lot of them are full of crap. Anyway, I
just wanted to let you know because that's what we
were dealing with as he took us to two trillion
dollar yearly deficits, just letting you know while his family
got very, very rich, and while he handed out our
(29:51):
tax dollars at the end of his term to all
kinds of miscreants. Stacy Abrams go look her up. Oh,
by the way, they interview her like she's a sweetheart,
just another corrupt and she never became a politician. She
lost every time, but they sure know how to get
(30:12):
money through NGOs and charities. There's a lot of that
going on, which takes me to the UN speech today
of the President. I'm gonna watch the whole thing tonight,
(30:34):
but I wish he'd stop embellishing. There's some my love
hate relationship with him. He said some good things, but
a there's a place and there's a time. And don't
get me wrong, I hate the UN sucks. Nightmarish, nightmarish,
(30:57):
a horror show. The UN sucks, antisemitic crazies, human Rights
Commission with the most nefarious pieces of crap around the world.
(31:18):
Too much of that speech as I was watching today,
too much embellishing. And everybody knows the embellishments. I wish
you would just stop. I wish I could sit down
with him. Don't need to, he wouldn't listen to me,
right all right? Up next? That was plenty right, This,
(31:42):
that and the other thing. This is the one only investor's.
Speaker 5 (31:45):
Edge you're listening to. What are you waiting for one
(32:19):
to ready go inquests? We can't recalled Bob.
Speaker 2 (33:00):
And walk once again to investor's edge. And to make
sure you know we discuss these other things because they matter.
They matter. Yeah, one point two trillion of your tax
dollars is going towards interest because of them. You can
(33:23):
know that one point two trillion. Do you know our
whole federal spending in the year two thousand was one
point eight These are legalized crimes brought to you by Trump, Biden, Trump, Obama, Bush.
(33:45):
They just really started going nuclear on us under Bush.
And if you notice, Bush is gone, Obama's gone, What
do they care? Trump is back and he's doing the same,
(34:07):
and Biden's gone. They don't care. And just so you know,
when they report the gdpiece three percent, if you took
out government at this point, just so you know, government
spending has quadrupled more than quadrupled since the year two thousand.
(34:29):
Why is our government quadrupled since the year two thousand?
Somebody want to explain that to me, Well, social Security, Medicare, Medicaid.
But wait a minute, didn't we all put our money
into those to get out? Oh that's right, ponzis and
(34:55):
no preparation as people living longer, and they do nothing
about it. I got to give the president credit. They're
actually talking about raising the retirement age for solid security,
just so you know, it looks like it's necessary. And
(35:18):
if they did do it, you know it's gonna happen.
The other side's gonna tell you that they're throwing Grandma
off the cliff. But the other side was part of
fifty percent. Cause this is all coming down the pike.
Ladies and gentlemen, just let me know it's all coming
down the pike when I don't know and where. In
(35:44):
other very important financial news, the new guy that the
President put in said that.
Speaker 3 (35:53):
J.
Speaker 2 (35:53):
Powell, which just went to four percent on the Fed Fund,
should be at two percent. No, he should not. As
I told you, President is going to put in puppets
that want very low interest rates. Puppets. That's what we
(36:15):
are going to get and unfortunately it's going to cause
huge inflation if they do that. That's what easy money does.
Inflation is a monetary phenomenon. J. Powell caused it with
his ridiculous printing zero percent interest rates. Also, and notice
(36:37):
how inflation came down when he stopped printing and started
raising rates. We told you. But the reason he doesn't
get blamed is because he's not a politician. He's getting
blamed now finally because they want is you know what out?
So we're worried because in the next what is it
(36:58):
next May, the President's going to put in himself to
run the FED. And what we mean by that is
anybody he puts in, we'll have to do exactly what
he wants, which is he said one percent, which would
be sheer insanity. What it also may do, and what
(37:21):
it also could do is do the opposite. They lower
short term rates, which by the way, takes your money
market funds away and long term rates go high or
squeezing you on your mortgages. Just want you to remember that.
(37:44):
And we say that we ain't kidding. We have a
pretty decent feel. We have a pretty decent feel, a
very decent feel for the market in the FED as
we have proven it to you for many a moon.
(38:08):
As bad as j Powell was, he hasn't been so
bad recently, stayed stable. If I was president right now,
I would be at three and three quarters, another quarter
point down, maybe three and a half, that's it, and
then steady as she goes. We worry there's gonna be
(38:33):
no fed. Well, there's gonna be no fed independence. It's
a guarantee. Unfortunately, it's a darn guarantee. I wish I
had better things to say, but it's a darn guarantee,
(39:00):
and it's coming down the pike. Will be on top
of it. We think they learned their lessons on the
tariff front. We don't think there's going to be any
(39:20):
more of that coming down. We'll let you know if
they decide, but I'm pretty sure a ten percent crash
in two days takes that off the table, because that's
exactly what happened in early April and is by no accident,
(39:42):
By no accident, markets turned up when they went away
from Liberation Day. I've received a ton of email on
this autism thing. I know nothing about it. I just
don't trust Robert Kennedy as far as I can throw
(40:02):
and I worry about it. We'll be reading up a
lot more about it. That all said, you have a
great evening. Drive carefully when you get home, do like
we do, very 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 until tomorrow, peace out, all good night.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cultbom 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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