November 20, 2025 • 40 mins
https://garykaltbaum.com/
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Episode Transcript
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Speaker 1 (00:01):
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Viz Talk studios. Here is
Gary Cultbomb.
Speaker 2 (00:11):
And welcome once again to Investor's Edge. I'm Gary kolbaumb
your host day. Thanks for being with us today. Glad
you hear, ladies and gentlemen, happy that you are listening.
It's November twentieth, twenty twenty five. It's a Thursday, and boy,
we're glad the markets closed. Hey, ladies and gentlemen. As
you know, serious talk and everything affects you. We do
(00:32):
markets today. We're gonna do markets. We're not even gonna
get into anything else. We're gonna do markets. As you know,
you have been warned more than once by us on bubbles,
(00:52):
no sales, the concentration of money by the big institutions
in one certain area encompassing a certain amount of names.
We have warned you recently about some of the things
(01:14):
we have been reading and also investigating ourselves that, without
getting too tough, on the surface, look somewhat suspicious. We're
(01:35):
big believers here, and I'm measuring my words very carefully.
We're big believers about one plus one equals to We're
big believers is the fastest way to get something or
to something is a straight line. We're big believers in norms.
(02:07):
We're big believers in precedent and history. We're big believers
in calling out the outrageous, and we have seen some
of that in recent weeks, if not months. So first
(02:29):
let's introduce I'm Gary Kolbaum. This is Investor's Edge, serious talk.
We'll do markets today. Everything else goes to the back
of the bus. If you do not get this radio
show in your city, we'll post it at gary k
dot com, also on our x feed, and you should
follow us on X If you don't, if you'd like
to email us, just be nice. We'll also post it
(02:51):
on podcast apps as well as the biz tv YouTube channel.
We were out yesterday, in case you don't know, we
did the I think it's the twenty third, maybe twenty fourth,
it's not twenty second annual Colt Bomb Family Thanksgiving dinner
for the Boys and Girls Clubs of Central Florida. We
(03:12):
had about three hundred youth there last night. Had a blast.
It was really one of the best we've had. And
you know what they did this time, and I was
very happy about it. They told these young men and
women to dress like they're gone to a wedding. And man,
you should see these girls and these young kids in
(03:34):
dresses and the teenagers dressing in suits. It was fantastic.
If you're in central Florida, Four Rivers is who we
engage with to serve a great barbecue place, and it
was just a blast. Of course, I caught the flu,
(03:54):
and it's the cold and flu season, and it's the
cold and flu edition of Investor's Edge. I gotta tell
you I would rock today, but I'll be fine. That's all.
Let's work backwards, if it's okay with you. We warned
(04:16):
you incessantly, pretty much nagging that there were bubbles in
this market that somehow you never know why, nuclear stocks, drones,
(04:37):
robo anything, rare earth, quantum computing, bitcoin mining. These stocks
not all, but a lot of them went freaking vertical,
and a lot of them, not all had no sales.
(05:00):
We watched how one name, one name went to a
twenty five billion dollar market cap. Imagine twenty five billion
dollar market cap with no sales. And let me put
this to you. If you're buying the stock when it
(05:20):
had you're paying twenty five billion dollars for a company
with no sales. It's gone from one ninety three to
eighty eight and dropped another fourteen percent today. And it's
just one. They are ripping the stuffings out of all
these names. Now, remember the Rare Earth out of nowhere,
And this's just happened like five or six weeks ago,
(05:44):
and we warned, and why did they go higher? Well,
in a frenzy of speculation. Oh, the administration's talking rare
Earth and China and this and that, and we watched
no sale stuff. I'm looking at one right now that
went from thirteen to forty four bucks, thirteen to forty four,
(06:07):
and at thirteen it's got a one billion dollar market
cap with no sales. It's back to twelve twenty. And
I can sit here and go through about one hundred
of them. And this probably more than I don't even
know about. So that's number one, number two bubble. And
(06:31):
we kept warning and warning daily, the hot IPO bubble.
They were opening up IPOs hot they've all crashed. And
when I say crashed, you think fifty percent of crash
in six eight weeks, I would say, so, right, A
(06:51):
crash doesn't have to happen in one day. Here's one
that's gone from eighty to thirty six. It doesn't matter
which name, it's like all of them. Here's one that's
gone from UH fifty seven on the first day twenty
eight today. So there's just another bubble. And we warned,
(07:16):
and we hope you listen because no sales stuff sucks.
We have this motto that ultimately, eventually they all go
back to where they came from. We just don't know
when eventually is. And it just so happened the last
six weeks. But there are other things that have been
going on we have been telling you about. We always
(07:37):
mention this our left screen. We have a screen that
is about six columns long of technology stocks that have
crumbled crumbled, and the list keeps getting bigger and bigger,
and we get asked, wayman, technology, I thought it's a
(07:59):
bull market. Well, it's been a bull market for Select.
I don't want to call it few because it's forty fifty, sixty, seventy.
I don't know. They are just getting mutilated, now destroyed.
(08:19):
They're in bear markets. Forget everybody else telling you otherwise.
They're in bear markets. And some of them are just
start Uber just topped out today. On one and a
half time's average volume, breaking six month support. That's just
(08:41):
going to go starting a bit. It's bear market now,
and I can give you a long list. Not on
my left screen yet is a pallenteer that's starting. It's
already down twenty percent from the high. But we mean
(09:05):
bear market. We mean the process goes on for weeks,
if not months, and then you have the favored What
has been the big story that has been jammed down
your throat every day. Artificial intelligence. And let me tell
you what I'm hearing as I watch people. It's taking
(09:28):
over the world. It's a bull market that's gonna last
five years, if not longer. It's gonna take away your job.
You've been hearing that right, Artificial intelligence and what we
(09:50):
have seen recently, there's been about thirty forty to fifty names.
Some of them lose money, but a lot of them
have stronger innings. We're not complaining about their earnings. But
what have we complained about? One word concentration, The big institutions,
(10:15):
the mutual funds, the hedge funds, and all of them.
The bubble in concentration. It doesn't have to be on
the business. The bubbles and concentration. If these big funds
sell everything and sell them down down to nothing and
(10:36):
keep piling on the few, what happens up next, We'll
tell you what happens and then today 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 1 (12:05):
It's time to switch on the integrator units and to
get the brain cells where you're listening to.
Speaker 2 (12:11):
Okay, it could be fun Investor's Edge, the last bastion
of quality programming.
Speaker 1 (12:18):
With Gary called Bob. It doesn't get better than.
Speaker 2 (12:20):
This, and work once again to Investor's Edge. You know,
I promised not to do anything else, but I just
got to tell you. I just got an email from
Kamala Harris asking me to donate money. She spent one
(12:45):
point five billion dollars through it down the toilet and
she wants people to donate money. Still, the grapefruits of
these people, it's amazing to watch. Okay, So the artificial
intelligence everything, and we have noted for you what happened
(13:10):
in nineteen ninety nine. Back then in ninety nine you
had companies making all kinds of announcements, mutual funds changing
their name to internet fund, companies adding dot com to
their name, and recently everybody's making announcements about artificial intelligence.
(13:31):
And you can tell the announcement did not need to
be made and was not material, but in order to
goose the stocks a little worry. But we've also told
you recently, and we're doing a little fundamental stuff here.
(13:51):
The numbers that are coming out of these companies on
how much they're supposedly going to spend and projecting for
years from now are just outrageous. Without saying they're gonna
happen or not happen, I'm no ertstan Young, but I
can add and I keep questioning one thing, how is
(14:18):
there gonna be returned on investment for all this spend?
And one thing is stuck out like a gargantuan sore thumb.
Oracle announces a gargantuan number into two thousand and thirty
and the stock is crashed. And also the insurance for
(14:42):
their credit is going the wrong way, and the bonds
of companies like core Weave are dropping like stocks. So
the big markets not believing this, forget what I think.
And then we had you know, the guy from the
big short his name is Michael Burry, made a ton
(15:05):
of money betting against the mortgage backed securities. Well, he
came out recently and made big bets against Pallenteer and Nvidia,
and he's come out and basically stated he thinks the
accounting is a joke. The numbers are ridiculous, and he
talks about what we have said to you here that
(15:26):
I worry about this vendor circular financing, and that means, hey,
I'm a company, and you know I'm gonna invest all
this money with you, but you're gonna buy my products. Now.
I'm doing no accusing of anybody. I'm stating a fact.
And if you go on the web, there Burry and
(15:46):
a bunch of these other people put out these circles
with all the names of these companies, and it looks
like just that, but who knows. Who knows. So I'm
at my dinner last night and I on purpose said
(16:07):
I don't want to see what Nvidia did. But as
I get into my car leaving, I'm on Twitter X
and I see a bunch of people that I know
are against Nvidia complaining. So I'm figuring and videos up nicely,
And I get home and yes, and video was up nicely,
(16:30):
not as big as I thought would be, but it
was like one ninety six, one ninety six closed it
UH one eighty six and chain, So a nice move
for a mega cap like that. But then I noticed something.
(16:57):
I notice something. Accounts receivable skyrocketed skyrocketed to the roof vertical.
And what that means is they're not getting paid, not forever,
(17:19):
but they ain't getting paid right now. And knowing that
a lot of these companies don't have the money or
have to get invested in buy and Vidia, you wonder
and I'm looking at that last night and saying, man,
in the past, when the market saw a real spike
(17:40):
in account receivables, the stocks usually got hit. Yet there
was a party, and the Dow is up seven hundred
points early on. Everything was lifting the Nasdaq at twenty
(18:00):
three one four seven, twenty three one four seven, I'm
adding up two thousand and seventy. Then Nasdaq was up
five hundred and eighty, lifting everything. Even the weak crap
(18:22):
was bouncing. And I was puzzled. But I said to myself,
you know, I hate these gaps. I don't like selling
a big gap down. I don't like buying a big
gap up. So I did nothing. And I also noticed
everybody making fun of Michael Burry because he was short
(18:44):
a lot of these stocks. They were making fun of him.
And as you know, we don't make fun of anybody here.
We think this business is hard. Years ago we learned
the lesson when we used to make fun of the
guy on you Know That show. But I got an
email from a very nice man that says, you know
it does not look good and does so we've stopped.
(19:05):
The only person we even bring up here is Kathy
Would and that's only because she keeps presenting herself as
the guru, and she's down sixty percent from like five
four years ago, and her predictions are obscene. That's it.
Let me give you the final numbers today, which are amazing.
(19:29):
The Nasdaq, which hit twenty three one four seven right
around the first half hour hour, finish at twenty two
thousand and seventy eight, down one thousand and seventy points
to be down four hundred and eighty six. The Dow
(19:53):
that was up seven hundred forty six eight five six
the forty five seven five to two eleven hundred points
from the high, and by the way, we finished kinda
on the lows. The Philadelphia All important Philadelphia Semiconductor Index
(20:13):
was at sixty eight eighty two finished at sixty three
point fifty two, dropped five hundred and thirty points after
being up two hundred and thirteen. This is one of
the top five for me days as far as movement,
(20:36):
I'll explain that up next, and what the probabilities are.
This is the one only investors.
Speaker 1 (20:43):
Act you are listening to.
Speaker 2 (21:12):
America is talking small investors edge.
Speaker 1 (21:16):
He's gotta be bet with the crowd is just on
his feet here, he said her on a boy with
Gary called Bob comes highly recommended. You're gonna feel better
if you talk to him.
Speaker 2 (21:32):
So and video was it in one ninety six at
the highs today closed at want less than one eighty
one down fifteen dollars from near the open. It's like
(21:57):
three hundred and sixty billion of market cap. Unbelievable. And
the next part do you know how I said? They
were like thirty or forty names. They all opened hot
and got slaughtered. And the names that got slaughtered were
(22:20):
the ones that were strongest early, Like the semiconductor equipment
stocks are the ones that benefit from more stuff being done.
And the bed at the end of the day is
left stun the stuff is going to be done. Huh,
(22:43):
big reversal, big volume. It was not Aunt Mary and
Uncle Bob selling. I want to let you know, and
I want you to listen carefully. You were going to
hear people say it's the computers, and it's the algorithm.
That's a bunch of bull crap, and it's an excuse.
(23:04):
These are the big institutions, the hedge funds, mutual funds,
that have owned so much of these stocks, so many
shares that are in recognition of whatever they are recognition
in of, and their executives in portfolio managers are getting
(23:24):
together and saying, how many shares do you have? And
you reverse today from being above the fifty day to
decently below the fifty day moving average. Remember what we
tell you about breaking typically invites, so get a whiff
(23:50):
of some of this. How about KLAC semiconductor equipment was
twelve hundred on the open, been today up thirty five bucks,
finished down sixty five dollars to eleven hundred micron. Well,
that's just plain topped down twenty five. Remember what we
(24:13):
told you. They're in the Redwoods sand Disk down fifty,
by the way, that was up ten early fifty. CrowdStrike
twenty two, Celestica thirty. The list goes on. It's gross
(24:37):
and I have no clue about tomorrow. They can bounce
it or not, but buy the clothes today. Top of consequence,
notice the little question mark. Now, as you know, we
(24:57):
have been much more the and so have we been
telling you all this how narrow things are. What have
we been saying in the last week six hundred new
yearly lows and no new yearly highs Advance declines a
thousand up, thirty five hundred down. Well, you opened hot
as hell today. Advance declines were asbout as good as
(25:19):
can be at the close one thousand and seventy three up,
thirty three seventy nine down on New York in one
thousand ninety five up, thirty four sixty eight down on
the Nasdaq, and new yearly lows six hundred and fifty
one on the New York and Nasdaq, even though you're
not even close to the new yearly lows of the indices.
(25:41):
Evidencing underneath the surface is what we've been telling you
is how many more names under big pressure in their
own bear markets. Simple as that, that's the story thinking,
(26:05):
I'm guessing on top of the unbelievable concentration that has
to be worked off eventually, it always is combining that
with somebody woke up to skyrocketing accounts, receivable and bonds
(26:31):
of these technology companies getting hit and the credit spreads.
WHOOPSI an oracle announcing gargantuan numbers and going from this
is oracle three hundred and forty five down to two
hundred and fourteen. I think you got some waking up
(26:54):
today and there's your story. But I'm done. Crypto another
new load today relative not the lows of the year,
but you're heading there. Bitcoin Etheroryum micro Strategy down to
(27:18):
one seventy eight from four point fifty seven in June.
While the CEO's on TV this weekend. You know, coinbase
oft mentioned just going from four oh two to two
thirty eight. Robin Hood down twelve today to one oh six.
(27:39):
It's gone from one fifty to one oh six in
three weeks. We just sold ours with a game. Whew.
We should have made more than we made, but we
sold with a game. I think we made four bucks.
You'd be the I Scott Thinner today. I have no
(28:02):
clue about tomorrow. I know how government works. They're psychotic,
so I wonder what the Fed's gonna do. They're insane,
and I really look, I say this with all due respect,
and you know what I'm about to say is true.
You got a loose Cannon for president on so many things,
(28:24):
and I've said there, I just think there's too much
of him every day. You know what I think, Keep
taxes low, regulations are low, fight crime, keep the border secure,
and get the hell out of the way. And that's it.
That ain't happening though, that's your story. Very rough day,
(28:51):
Goldman Sachs. Today, get this. It's a financial hit. Eight
sixteen in the morning, closed at seven seventy four forty
two dollars reversal. It was up thirty, finished down twelve.
(29:14):
We've warned you also about the private equity mergers and
acquisitions companies. They're getting rocked, of the financials getting rocked,
MasterCard and Visa getting rocked. And you already know about
all the avoids. How many times do we say avoid
the ADP paychecks jobs, by the way, just another thing.
(29:37):
Job market came out today, one hundred and something thousand.
Administration was out. What a great report. No, the report's
not great. One hundred and fifteen thousand jobs not great.
Two fifty is good. Just letting you know, and I
know they have to market to you, and that's okay.
(29:57):
We've warned you about the housing and housing were the
lots of most of the retail, the non AI economically sensitive. Recently,
the financials, restaurants we warned about. There's been better action
in the consumer staples, but they're not bullish. We warn
you about insurance, we warned you about travel to manage
(30:21):
care stocks. We told you better action in the drugs,
in the medicals for whatever reason. But there's just been
a lot of weakness underneath the surface, and that didn't
help today. Let me add one more thing. You know,
the semiconductors, the index has been strong. I got most
of the stocks in a bear market. It's been the
(30:42):
select few AI names that they came after today, led
by the almighty Nvidia. Now I want to let you
know I'm not accusing anything of anybody, but I am
reporting to you man, I've seen this before. That's all.
(31:05):
Wait a minute, I saw this before. What do they
mean by and you know what the excuse is? Well,
they're not using debt? Oh yes they are. Now everybody
in tech is raising debt to do the AI thing.
And as I have said to you, where's the return
(31:25):
on investment on the amount of money they say is
going to be spent? And by the way, that's a
valid question. If you are opening a lemonade stand and
you're selling a glass for a dollar, but a cost
you a dollar fifty point taken up. Next we'll wind
(31:47):
it up. This is the one only Investor's edge.
Speaker 1 (32:14):
You're listening to what one ready.
Speaker 2 (32:25):
We can't recalled bot and once again to Investor's edge.
By the way, again, we did our Thanksgiving dinner last night.
(32:45):
It's Thanksgiving next week. As we have stated to you,
if able consider to do something for somebody, you eat
absolutely nothing from it. And it doesn't have to be big,
doesn't have to be mid, could be small, something something
you will feel better than the person you're doing something for,
I promise you. And this all came from that line.
(33:09):
I don't remember where I heard it from. I heard
it from somebody else I don't remember. But what happened
was when I started making a little bit of cake.
My wife and I were one of the first people
to do a make a Wish wish. We sent two
young girls, who, by the way, were dying. We sent
(33:31):
the family to Disney World and the mom we met,
she was bawling her brains out to me and give
me hugs, and she wouldn't even let go and that
just made such an impact on me that we never stopped.
And we used to do Halloween parties at the cancer
(33:53):
Center at Jackson Memorial amongst and holiday parties. We came
up to Central flo and we started doing at the
Coalition for the Homeless once a month. We did a
birthday party for any kid at the homeless shelter, a
birthday party. Love doing that. And then we met Gary
(34:13):
Kine for the Boys and Girls Clubs. And when we
met with Gary, I asked him, so, what do you
do for Thanksgiving? We're not doing anything. I said, now
you are, and that was that. And we've been doing
it for a very long time and it's an absolute
blast and last night was special. If you go on
(34:33):
our x feed, you'll see a couple of videos. Okay,
what next, Well, few things careful. Bear markets get no
help from Wall Street. In case you don't know, I'm
looking to my left right now and let me just
(34:54):
come up with names that maybe you do know. AIRB
and B is in a bear market. Celsius is in
a bear market. That's that drink. Carvana is in a
bear market. Checkpoints Software is in a bear market. Kava
Group is not in a bear market has crashed. Door Dash.
(35:17):
By the way, door Dash, let me just tell you
what this stock just did from highs to eighty five
to one eighty seven in the last four weeks. A
bear market Duo, Lingo, Draft, Kings, Uh, equinex Go, Daddy, Garman,
(35:41):
HubSpot into it. I'm coming up with names. I think
you know, Match dot Com service Now, PayPal, Roadblocks, Roku, Synopsis, Tko.
(36:06):
They owned the WWA trade desk uber that gave in today, Robinhood,
that core Weave, Shopify. I'll just stop there. All those
(36:27):
stocks are in bear markets, and all the analysts continue
to have buys and strong buys until they drop fifty
sixty percent and then they change it the hold, which
I still haven't figured out what that means. So just
remember that. Also, remember all you're gonna hear is everything's okay. No, no,
(36:51):
you got that. Today was not an okay day for me.
It's a top five on how strong we opened and
how weak we closed. I've seen reversals before, but this
(37:15):
one took some of that cake and at some important junctures.
By the way, I didn't mention Meta bear market Salesforce,
dot Com, bear market Booking, Holdings, bear Market, Adobe a
brutal bear market, Microsoft five point fifty three to four
(37:39):
seventy eight. Let's see fifty three and twenty two. Not
getting there, sap bear Market. Spotify just went seven eighty
five to five eighty nine, and they all have buys
on them. Home Depot bear Market just went from four
(38:04):
twenty seven to three point thirty two in seven weeks.
So we urge you do a little looking, do a
little watching, and we're pretty decent at this, just on
(38:25):
the avoid side. And I can tell you we got
some more avoiding today. Anything else going on, well, I
told you bitcoin gold was kind of flat today, bond
market had a decent day. Yields came down, but whoopy
do excuse me? Oil prices down a little bit. Whoopee
(38:46):
do I gather Europe and Asia are going to have
a rough overnight more than likely, but you never know,
and just eat oils. We've been saying to you there's
a smattering of oils that are strong. They're coming into now.
Whenever there's a group of two hundred stocks and ten
of them are strong, we're not going to buy them.
(39:07):
You really want some group participation, ladies and gentlemen. Last
thing I want to mention. Unfortunately, Wall Street has come
out with some weird crap. I didn't even know there
was something out there. With the simple MSTU. It's a
(39:28):
double the performance of micro strategy. It's gone from thirty
one and a half to a buck twenty. I just
want to let you know these doubles and triples and
all that crap. Careful, that's all. And they also came
out with some other weird crap of writing calls on
(39:52):
stocks and they're paying one hundred percent, but they're not
be careful. I saw somebody touting that crap. And that's it.
From the flu ridden house. You'll have a great evening,
drive carefully. Nice to see a bounce tomorrow. But man, today,
when you get home, do like we do. Make sure
(40:13):
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. Hopefully better tomorrow. Goodnight.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cault Moom 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 welcome once again to Investor's Edge. I'm Gary kolbaumb
your host day. Thanks for being with us today. Glad
you hear, ladies and gentlemen, happy that you are listening.
It's November twentieth, twenty twenty five. It's a Thursday, and boy,
we're glad the markets closed. Hey, ladies and gentlemen. As
you know, serious talk and everything affects you. We do
(00:32):
markets today. We're gonna do markets. We're not even gonna
get into anything else. We're gonna do markets. As you know,
you have been warned more than once by us on bubbles,
(00:52):
no sales, the concentration of money by the big institutions
in one certain area encompassing a certain amount of names.
We have warned you recently about some of the things
(01:14):
we have been reading and also investigating ourselves that, without
getting too tough, on the surface, look somewhat suspicious. We're
(01:35):
big believers here, and I'm measuring my words very carefully.
We're big believers about one plus one equals to We're
big believers is the fastest way to get something or
to something is a straight line. We're big believers in norms.
(02:07):
We're big believers in precedent and history. We're big believers
in calling out the outrageous, and we have seen some
of that in recent weeks, if not months. So first
(02:29):
let's introduce I'm Gary Kolbaum. This is Investor's Edge, serious talk.
We'll do markets today. Everything else goes to the back
of the bus. If you do not get this radio
show in your city, we'll post it at gary k
dot com, also on our x feed, and you should
follow us on X If you don't, if you'd like
to email us, just be nice. We'll also post it
(02:51):
on podcast apps as well as the biz tv YouTube channel.
We were out yesterday, in case you don't know, we
did the I think it's the twenty third, maybe twenty fourth,
it's not twenty second annual Colt Bomb Family Thanksgiving dinner
for the Boys and Girls Clubs of Central Florida. We
(03:12):
had about three hundred youth there last night. Had a blast.
It was really one of the best we've had. And
you know what they did this time, and I was
very happy about it. They told these young men and
women to dress like they're gone to a wedding. And man,
you should see these girls and these young kids in
(03:34):
dresses and the teenagers dressing in suits. It was fantastic.
If you're in central Florida, Four Rivers is who we
engage with to serve a great barbecue place, and it
was just a blast. Of course, I caught the flu,
(03:54):
and it's the cold and flu season, and it's the
cold and flu edition of Investor's Edge. I gotta tell
you I would rock today, but I'll be fine. That's all.
Let's work backwards, if it's okay with you. We warned
(04:16):
you incessantly, pretty much nagging that there were bubbles in
this market that somehow you never know why, nuclear stocks, drones,
(04:37):
robo anything, rare earth, quantum computing, bitcoin mining. These stocks
not all, but a lot of them went freaking vertical,
and a lot of them, not all had no sales.
(05:00):
We watched how one name, one name went to a
twenty five billion dollar market cap. Imagine twenty five billion
dollar market cap with no sales. And let me put
this to you. If you're buying the stock when it
(05:20):
had you're paying twenty five billion dollars for a company
with no sales. It's gone from one ninety three to
eighty eight and dropped another fourteen percent today. And it's
just one. They are ripping the stuffings out of all
these names. Now, remember the Rare Earth out of nowhere,
And this's just happened like five or six weeks ago,
(05:44):
and we warned, and why did they go higher? Well,
in a frenzy of speculation. Oh, the administration's talking rare
Earth and China and this and that, and we watched
no sale stuff. I'm looking at one right now that
went from thirteen to forty four bucks, thirteen to forty four,
(06:07):
and at thirteen it's got a one billion dollar market
cap with no sales. It's back to twelve twenty. And
I can sit here and go through about one hundred
of them. And this probably more than I don't even
know about. So that's number one, number two bubble. And
(06:31):
we kept warning and warning daily, the hot IPO bubble.
They were opening up IPOs hot they've all crashed. And
when I say crashed, you think fifty percent of crash
in six eight weeks, I would say, so, right, A
(06:51):
crash doesn't have to happen in one day. Here's one
that's gone from eighty to thirty six. It doesn't matter
which name, it's like all of them. Here's one that's
gone from UH fifty seven on the first day twenty
eight today. So there's just another bubble. And we warned,
(07:16):
and we hope you listen because no sales stuff sucks.
We have this motto that ultimately, eventually they all go
back to where they came from. We just don't know
when eventually is. And it just so happened the last
six weeks. But there are other things that have been
going on we have been telling you about. We always
(07:37):
mention this our left screen. We have a screen that
is about six columns long of technology stocks that have
crumbled crumbled, and the list keeps getting bigger and bigger,
and we get asked, wayman, technology, I thought it's a
(07:59):
bull market. Well, it's been a bull market for Select.
I don't want to call it few because it's forty fifty, sixty, seventy.
I don't know. They are just getting mutilated, now destroyed.
(08:19):
They're in bear markets. Forget everybody else telling you otherwise.
They're in bear markets. And some of them are just
start Uber just topped out today. On one and a
half time's average volume, breaking six month support. That's just
(08:41):
going to go starting a bit. It's bear market now,
and I can give you a long list. Not on
my left screen yet is a pallenteer that's starting. It's
already down twenty percent from the high. But we mean
(09:05):
bear market. We mean the process goes on for weeks,
if not months, and then you have the favored What
has been the big story that has been jammed down
your throat every day. Artificial intelligence. And let me tell
you what I'm hearing as I watch people. It's taking
(09:28):
over the world. It's a bull market that's gonna last
five years, if not longer. It's gonna take away your job.
You've been hearing that right, Artificial intelligence and what we
(09:50):
have seen recently, there's been about thirty forty to fifty names.
Some of them lose money, but a lot of them
have stronger innings. We're not complaining about their earnings. But
what have we complained about? One word concentration, The big institutions,
(10:15):
the mutual funds, the hedge funds, and all of them.
The bubble in concentration. It doesn't have to be on
the business. The bubbles and concentration. If these big funds
sell everything and sell them down down to nothing and
(10:36):
keep piling on the few, what happens up next, We'll
tell you what happens and then today 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 1 (12:05):
It's time to switch on the integrator units and to
get the brain cells where you're listening to.
Speaker 2 (12:11):
Okay, it could be fun Investor's Edge, the last bastion
of quality programming.
Speaker 1 (12:18):
With Gary called Bob. It doesn't get better than.
Speaker 2 (12:20):
This, and work once again to Investor's Edge. You know,
I promised not to do anything else, but I just
got to tell you. I just got an email from
Kamala Harris asking me to donate money. She spent one
(12:45):
point five billion dollars through it down the toilet and
she wants people to donate money. Still, the grapefruits of
these people, it's amazing to watch. Okay, So the artificial
intelligence everything, and we have noted for you what happened
(13:10):
in nineteen ninety nine. Back then in ninety nine you
had companies making all kinds of announcements, mutual funds changing
their name to internet fund, companies adding dot com to
their name, and recently everybody's making announcements about artificial intelligence.
(13:31):
And you can tell the announcement did not need to
be made and was not material, but in order to
goose the stocks a little worry. But we've also told
you recently, and we're doing a little fundamental stuff here.
(13:51):
The numbers that are coming out of these companies on
how much they're supposedly going to spend and projecting for
years from now are just outrageous. Without saying they're gonna
happen or not happen, I'm no ertstan Young, but I
can add and I keep questioning one thing, how is
(14:18):
there gonna be returned on investment for all this spend?
And one thing is stuck out like a gargantuan sore thumb.
Oracle announces a gargantuan number into two thousand and thirty
and the stock is crashed. And also the insurance for
(14:42):
their credit is going the wrong way, and the bonds
of companies like core Weave are dropping like stocks. So
the big markets not believing this, forget what I think.
And then we had you know, the guy from the
big short his name is Michael Burry, made a ton
(15:05):
of money betting against the mortgage backed securities. Well, he
came out recently and made big bets against Pallenteer and Nvidia,
and he's come out and basically stated he thinks the
accounting is a joke. The numbers are ridiculous, and he
talks about what we have said to you here that
(15:26):
I worry about this vendor circular financing, and that means, hey,
I'm a company, and you know I'm gonna invest all
this money with you, but you're gonna buy my products. Now.
I'm doing no accusing of anybody. I'm stating a fact.
And if you go on the web, there Burry and
(15:46):
a bunch of these other people put out these circles
with all the names of these companies, and it looks
like just that, but who knows. Who knows. So I'm
at my dinner last night and I on purpose said
(16:07):
I don't want to see what Nvidia did. But as
I get into my car leaving, I'm on Twitter X
and I see a bunch of people that I know
are against Nvidia complaining. So I'm figuring and videos up nicely,
And I get home and yes, and video was up nicely,
(16:30):
not as big as I thought would be, but it
was like one ninety six, one ninety six closed it
UH one eighty six and chain, So a nice move
for a mega cap like that. But then I noticed something.
(16:57):
I notice something. Accounts receivable skyrocketed skyrocketed to the roof vertical.
And what that means is they're not getting paid, not forever,
(17:19):
but they ain't getting paid right now. And knowing that
a lot of these companies don't have the money or
have to get invested in buy and Vidia, you wonder
and I'm looking at that last night and saying, man,
in the past, when the market saw a real spike
(17:40):
in account receivables, the stocks usually got hit. Yet there
was a party, and the Dow is up seven hundred
points early on. Everything was lifting the Nasdaq at twenty
(18:00):
three one four seven, twenty three one four seven, I'm
adding up two thousand and seventy. Then Nasdaq was up
five hundred and eighty, lifting everything. Even the weak crap
(18:22):
was bouncing. And I was puzzled. But I said to myself,
you know, I hate these gaps. I don't like selling
a big gap down. I don't like buying a big
gap up. So I did nothing. And I also noticed
everybody making fun of Michael Burry because he was short
(18:44):
a lot of these stocks. They were making fun of him.
And as you know, we don't make fun of anybody here.
We think this business is hard. Years ago we learned
the lesson when we used to make fun of the
guy on you Know That show. But I got an
email from a very nice man that says, you know
it does not look good and does so we've stopped.
(19:05):
The only person we even bring up here is Kathy
Would and that's only because she keeps presenting herself as
the guru, and she's down sixty percent from like five
four years ago, and her predictions are obscene. That's it.
Let me give you the final numbers today, which are amazing.
(19:29):
The Nasdaq, which hit twenty three one four seven right
around the first half hour hour, finish at twenty two
thousand and seventy eight, down one thousand and seventy points
to be down four hundred and eighty six. The Dow
(19:53):
that was up seven hundred forty six eight five six
the forty five seven five to two eleven hundred points
from the high, and by the way, we finished kinda
on the lows. The Philadelphia All important Philadelphia Semiconductor Index
(20:13):
was at sixty eight eighty two finished at sixty three
point fifty two, dropped five hundred and thirty points after
being up two hundred and thirteen. This is one of
the top five for me days as far as movement,
(20:36):
I'll explain that up next, and what the probabilities are.
This is the one only investors.
Speaker 1 (20:43):
Act you are listening to.
Speaker 2 (21:12):
America is talking small investors edge.
Speaker 1 (21:16):
He's gotta be bet with the crowd is just on
his feet here, he said her on a boy with
Gary called Bob comes highly recommended. You're gonna feel better
if you talk to him.
Speaker 2 (21:32):
So and video was it in one ninety six at
the highs today closed at want less than one eighty
one down fifteen dollars from near the open. It's like
(21:57):
three hundred and sixty billion of market cap. Unbelievable. And
the next part do you know how I said? They
were like thirty or forty names. They all opened hot
and got slaughtered. And the names that got slaughtered were
(22:20):
the ones that were strongest early, Like the semiconductor equipment
stocks are the ones that benefit from more stuff being done.
And the bed at the end of the day is
left stun the stuff is going to be done. Huh,
(22:43):
big reversal, big volume. It was not Aunt Mary and
Uncle Bob selling. I want to let you know, and
I want you to listen carefully. You were going to
hear people say it's the computers, and it's the algorithm.
That's a bunch of bull crap, and it's an excuse.
(23:04):
These are the big institutions, the hedge funds, mutual funds,
that have owned so much of these stocks, so many
shares that are in recognition of whatever they are recognition
in of, and their executives in portfolio managers are getting
(23:24):
together and saying, how many shares do you have? And
you reverse today from being above the fifty day to
decently below the fifty day moving average. Remember what we
tell you about breaking typically invites, so get a whiff
(23:50):
of some of this. How about KLAC semiconductor equipment was
twelve hundred on the open, been today up thirty five bucks,
finished down sixty five dollars to eleven hundred micron. Well,
that's just plain topped down twenty five. Remember what we
(24:13):
told you. They're in the Redwoods sand Disk down fifty,
by the way, that was up ten early fifty. CrowdStrike
twenty two, Celestica thirty. The list goes on. It's gross
(24:37):
and I have no clue about tomorrow. They can bounce
it or not, but buy the clothes today. Top of consequence,
notice the little question mark. Now, as you know, we
(24:57):
have been much more the and so have we been
telling you all this how narrow things are. What have
we been saying in the last week six hundred new
yearly lows and no new yearly highs Advance declines a
thousand up, thirty five hundred down. Well, you opened hot
as hell today. Advance declines were asbout as good as
(25:19):
can be at the close one thousand and seventy three up,
thirty three seventy nine down on New York in one
thousand ninety five up, thirty four sixty eight down on
the Nasdaq, and new yearly lows six hundred and fifty
one on the New York and Nasdaq, even though you're
not even close to the new yearly lows of the indices.
(25:41):
Evidencing underneath the surface is what we've been telling you
is how many more names under big pressure in their
own bear markets. Simple as that, that's the story thinking,
(26:05):
I'm guessing on top of the unbelievable concentration that has
to be worked off eventually, it always is combining that
with somebody woke up to skyrocketing accounts, receivable and bonds
(26:31):
of these technology companies getting hit and the credit spreads.
WHOOPSI an oracle announcing gargantuan numbers and going from this
is oracle three hundred and forty five down to two
hundred and fourteen. I think you got some waking up
(26:54):
today and there's your story. But I'm done. Crypto another
new load today relative not the lows of the year,
but you're heading there. Bitcoin Etheroryum micro Strategy down to
(27:18):
one seventy eight from four point fifty seven in June.
While the CEO's on TV this weekend. You know, coinbase
oft mentioned just going from four oh two to two
thirty eight. Robin Hood down twelve today to one oh six.
(27:39):
It's gone from one fifty to one oh six in
three weeks. We just sold ours with a game. Whew.
We should have made more than we made, but we
sold with a game. I think we made four bucks.
You'd be the I Scott Thinner today. I have no
(28:02):
clue about tomorrow. I know how government works. They're psychotic,
so I wonder what the Fed's gonna do. They're insane,
and I really look, I say this with all due respect,
and you know what I'm about to say is true.
You got a loose Cannon for president on so many things,
(28:24):
and I've said there, I just think there's too much
of him every day. You know what I think, Keep
taxes low, regulations are low, fight crime, keep the border secure,
and get the hell out of the way. And that's it.
That ain't happening though, that's your story. Very rough day,
(28:51):
Goldman Sachs. Today, get this. It's a financial hit. Eight
sixteen in the morning, closed at seven seventy four forty
two dollars reversal. It was up thirty, finished down twelve.
(29:14):
We've warned you also about the private equity mergers and
acquisitions companies. They're getting rocked, of the financials getting rocked,
MasterCard and Visa getting rocked. And you already know about
all the avoids. How many times do we say avoid
the ADP paychecks jobs, by the way, just another thing.
(29:37):
Job market came out today, one hundred and something thousand.
Administration was out. What a great report. No, the report's
not great. One hundred and fifteen thousand jobs not great.
Two fifty is good. Just letting you know, and I
know they have to market to you, and that's okay.
(29:57):
We've warned you about the housing and housing were the
lots of most of the retail, the non AI economically sensitive. Recently,
the financials, restaurants we warned about. There's been better action
in the consumer staples, but they're not bullish. We warn
you about insurance, we warned you about travel to manage
(30:21):
care stocks. We told you better action in the drugs,
in the medicals for whatever reason. But there's just been
a lot of weakness underneath the surface, and that didn't
help today. Let me add one more thing. You know,
the semiconductors, the index has been strong. I got most
of the stocks in a bear market. It's been the
(30:42):
select few AI names that they came after today, led
by the almighty Nvidia. Now I want to let you
know I'm not accusing anything of anybody, but I am
reporting to you man, I've seen this before. That's all.
(31:05):
Wait a minute, I saw this before. What do they
mean by and you know what the excuse is? Well,
they're not using debt? Oh yes they are. Now everybody
in tech is raising debt to do the AI thing.
And as I have said to you, where's the return
(31:25):
on investment on the amount of money they say is
going to be spent? And by the way, that's a
valid question. If you are opening a lemonade stand and
you're selling a glass for a dollar, but a cost
you a dollar fifty point taken up. Next we'll wind
(31:47):
it up. This is the one only Investor's edge.
Speaker 1 (32:14):
You're listening to what one ready.
Speaker 2 (32:25):
We can't recalled bot and once again to Investor's edge.
By the way, again, we did our Thanksgiving dinner last night.
(32:45):
It's Thanksgiving next week. As we have stated to you,
if able consider to do something for somebody, you eat
absolutely nothing from it. And it doesn't have to be big,
doesn't have to be mid, could be small, something something
you will feel better than the person you're doing something for,
I promise you. And this all came from that line.
(33:09):
I don't remember where I heard it from. I heard
it from somebody else I don't remember. But what happened
was when I started making a little bit of cake.
My wife and I were one of the first people
to do a make a Wish wish. We sent two
young girls, who, by the way, were dying. We sent
(33:31):
the family to Disney World and the mom we met,
she was bawling her brains out to me and give
me hugs, and she wouldn't even let go and that
just made such an impact on me that we never stopped.
And we used to do Halloween parties at the cancer
(33:53):
Center at Jackson Memorial amongst and holiday parties. We came
up to Central flo and we started doing at the
Coalition for the Homeless once a month. We did a
birthday party for any kid at the homeless shelter, a
birthday party. Love doing that. And then we met Gary
(34:13):
Kine for the Boys and Girls Clubs. And when we
met with Gary, I asked him, so, what do you
do for Thanksgiving? We're not doing anything. I said, now
you are, and that was that. And we've been doing
it for a very long time and it's an absolute
blast and last night was special. If you go on
(34:33):
our x feed, you'll see a couple of videos. Okay,
what next, Well, few things careful. Bear markets get no
help from Wall Street. In case you don't know, I'm
looking to my left right now and let me just
(34:54):
come up with names that maybe you do know. AIRB
and B is in a bear market. Celsius is in
a bear market. That's that drink. Carvana is in a
bear market. Checkpoints Software is in a bear market. Kava
Group is not in a bear market has crashed. Door Dash.
(35:17):
By the way, door Dash, let me just tell you
what this stock just did from highs to eighty five
to one eighty seven in the last four weeks. A
bear market Duo, Lingo, Draft, Kings, Uh, equinex Go, Daddy, Garman,
(35:41):
HubSpot into it. I'm coming up with names. I think
you know, Match dot Com service Now, PayPal, Roadblocks, Roku, Synopsis, Tko.
(36:06):
They owned the WWA trade desk uber that gave in today, Robinhood,
that core Weave, Shopify. I'll just stop there. All those
(36:27):
stocks are in bear markets, and all the analysts continue
to have buys and strong buys until they drop fifty
sixty percent and then they change it the hold, which
I still haven't figured out what that means. So just
remember that. Also, remember all you're gonna hear is everything's okay. No, no,
(36:51):
you got that. Today was not an okay day for me.
It's a top five on how strong we opened and
how weak we closed. I've seen reversals before, but this
(37:15):
one took some of that cake and at some important junctures.
By the way, I didn't mention Meta bear market Salesforce,
dot Com, bear market Booking, Holdings, bear Market, Adobe a
brutal bear market, Microsoft five point fifty three to four
(37:39):
seventy eight. Let's see fifty three and twenty two. Not
getting there, sap bear Market. Spotify just went seven eighty
five to five eighty nine, and they all have buys
on them. Home Depot bear Market just went from four
(38:04):
twenty seven to three point thirty two in seven weeks.
So we urge you do a little looking, do a
little watching, and we're pretty decent at this, just on
(38:25):
the avoid side. And I can tell you we got
some more avoiding today. Anything else going on, well, I
told you bitcoin gold was kind of flat today, bond
market had a decent day. Yields came down, but whoopy
do excuse me? Oil prices down a little bit. Whoopee
(38:46):
do I gather Europe and Asia are going to have
a rough overnight more than likely, but you never know,
and just eat oils. We've been saying to you there's
a smattering of oils that are strong. They're coming into now.
Whenever there's a group of two hundred stocks and ten
of them are strong, we're not going to buy them.
(39:07):
You really want some group participation, ladies and gentlemen. Last
thing I want to mention. Unfortunately, Wall Street has come
out with some weird crap. I didn't even know there
was something out there. With the simple MSTU. It's a
(39:28):
double the performance of micro strategy. It's gone from thirty
one and a half to a buck twenty. I just
want to let you know these doubles and triples and
all that crap. Careful, that's all. And they also came
out with some other weird crap of writing calls on
(39:52):
stocks and they're paying one hundred percent, but they're not
be careful. I saw somebody touting that crap. And that's it.
From the flu ridden house. You'll have a great evening,
drive carefully. Nice to see a bounce tomorrow. But man, today,
when you get home, do like we do. Make sure
(40:13):
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. Hopefully better tomorrow. Goodnight.
Speaker 1 (40:22):
This has been Investor's Edge with Gary Cault Moom 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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