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Investors Edge with Gary Kaltbaum.Straight talk about you and your money.Now from the BizTalk Studios, here is Gary Kaltbaum.
And welcome once again to Investor's Edge.I'm Gary Kaupp.I'm your host.Thanks for being with us today.Glad you're here, ladies and gentlemen.Happy that you are listening.It's Friday.
It's the 8th of November, which means I'll be on another Delta flight up to the Northeast tonight.That's what I do every week now.I hope you had a good week.For those of you that voted for the person who did not win, we feel for you.
We know the emotions of it. We know some of you are very much neck deep into it.And again, we do feel for you, for those who have won, had their candidate win, we hope that the man does great things.You know where we have stood.
You know where we stand.The only thing we care about, we don't care about R's or D's.We care about getting the job done.And that is setting the conditions for everybody to excel and then get the hell out of the way.Pretty simple, right?
Anyway, this is the Week in Review election edition.We will pull no punches. on everything we say.We have been strong and to the point on everything we have been thinking for weeks.
When we say this show is about you and everything that affects you, well, whoever is running the country will affect you in very big ways.
uh... and will tell you why as we move forward but first if you do not get this radio show in your city will posted a gary k dot com will also posted on a twitter feed which is now x and if you don't follow us on x you probably should uh... and if you uh... like to email us you also just be nice to go ahead and do that uh... so we want to start out yesterday on purpose and today on purpose the uh...
How do I put this?The epilogue, even though I don't think there's any epilogue because we're gonna keep on keeping on, right?
And I must tell you, for those of you who did not vote for Trump, I have figured out over the last three days, you know how I tell you about I do samplings And very often we've been very right on our samplings, not only in business, but in politics.
We had said to you, regardless of everything that had been said about him, that Trump was winning.We gave you the reasons why.And all the reasons why we gave you is what everybody's now talking about.You've been let down.
Those of you who did not vote for him, that voted for the other side, you have been let down.And I try to measure my words very carefully here.And every now and then we will use harsh words.You have been let down by people that are so-called
experts, and political pundits, you've been let down.And the reason why Donald Trump won, Kamala Harris lost, is because these pundits, from what I have seen, and I've done a deeper dive on it because I really want to understand these things,
were conning you based on their own jaded opinions.They were making things up about the country based on their own thought processes, not the country's, and they scammed you.And how do I know they scammed you?
Not by what they have said before, but what they are saying after. They are telling and claiming that their own peeps, their own race, their own quote-unquote viewers and people are racist, misogynist, dumb.
And you know who I'm talking about, people that I've never watched, that I decided to do a deep dive on it.And it is incumbent upon each of every one of you that don't like what just happened.
You feel differently and you want things to get better in your eyes, not in the other side's eyes. You better start ignoring the Al Sharptons of the world that is now calling black men misogynists, his own race.They're calling Hispanics racist.
No, really. They're taking whole swaths of people and putting them down.They've used the word uneducated more than a few dozen times in the last two to three days of the voters.They are saying that America got it wrong and America is stupid.
That's what they're saying to half the country. based on their own thing about Bob's.I'm stunned.I'm amazed.It's your fault he won.How dare you vote in your best interests? You didn't vote based on your pocketbook.
You voted based on she's a woman, you're a misogynist.You voted based on she's black, you're a racist.That's what they're saying.The people that have been convincing you think you're scum.And they're going to continue to have a seat at the table
on your tv every day regardless of how wrong they are how ignorant they are how mean they are how stupid they are and how they are kicking in the teeth their own constituents and viewers and you would think the people that are running these shows would kick their asses out but i'm not so sure that's going to happen
while we were telling you for months how we feel on policy and the candidates but same to you we respect every single one of you and your opinions because hey who am i to tell you how to feel and what to like and dislike
and the job here and the thought process, we can completely agree to disagree, but let's be cool about it.Not these pundits.You're dirt.You're scum.You're racist, homophobic, misogynistic, and you're an idiot.That's what they're telling you.
Go watch them.I have. You know, when I get into something, I do deep dives and I'm stunned by it.And unfortunately the media was complicit and even the media is questioning themselves, but they never will.
In other words, they'll question themselves for three days and then they'll move on because now they're going to be giving Donald Trump a colonoscopy 24 seven. Everything he's gonna do or say is gonna be wrong.You know that, right?
That's how they roll.So just letting you know the little post-mortem hasn't changed.The late night TV hosts, my goodness gracious, the things that come out of their mouth, one worse than the other, though I save my real thought on this guy Colbert,
He's trying to convince you the world is freaking ending.A late night comedian that's supposed to let you go to sleep with a smile on your face is telling you the world is freaking ending.Think about all this.While you're paying buku bucks
for potato chips, and butter, and milk, and eggs, and insurance, and home insurance, and life insurance, and auto insurance, and education, and this, that, and the other thing, they're telling you you're an idiot.
Up next, we'll segue, but we'll first put a bow tie on it.This is the one and only Investor's Edge. Hi, I'm Gary Kaulbom, host of the 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.
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Investment advisory services offered through Callbaum Capital Management.
Hey, guys, it's Bobby Bones, Eddie, Lunchbox, and myself recently went to Vegas Speedway to test drive the IONIQ 5N before this year's iHeartRadio Music Festival.We have an awesome episode recapping our experience out now.Take a listen.
And thanks to Hyundai for making this possible. We're driving a race course.This is not if you're regularly driving the car.We're driving a race course with big like hairpin turns.
I was impressed on how well you drove.Like, I don't think I would have taken those turns as fast as you did.I didn't think he could be that aggressive.He drives like a grandma usually.Yes, dude.You always go under the speed limit.
Yeah, there were no cops.
I knew there were no cops around any corner.Dude, you punched it.So there's quite the boost in this car.It's awesome.Like that's what we're doing out here today.Yeah.Just Vegas in general, though.What's wrong?I'm so dry. Oh, everything's dry.
Oh, my lips are dry.I actually had to take my wife's chapstick.I have chapstick in my pocket for the first time, and I said, I'm gonna lose it, you know that.She goes, it's okay, I'll get more.
Wait, did she come with you?Yeah.Okay, I thought you said that to her when you left the house.No, no, no, that's you.I'll fly to Vegas with it and bring it all the way back home.This episode is presented by Hyundai.
Hey, I'm Ryan Reynolds.At Mint Mobile, we like to do the opposite of what big wireless does.They charge you a lot, we charge you a little.
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Hey, I'm Ryan Reynolds.Recently, I asked Mint Mobile's legal team if big wireless companies are allowed to raise prices due to inflation.They said yes.
And then when I asked if raising prices technically violates those onerous to-your-contracts, they said, what the f**k are you talking about, you insane Hollywood a**hole?
So to recap, we're cutting the price of Mint Unlimited from $30 a month to just $15 a month.Give it a try at mintmobile.com slash switch.
$45 up from payment equivalent to $15 per month.New customers on first three month plan only.Taxes and fees extra.Speeds lower above 40 gigabytes.See details.
It's time to switch on the integrator units and get the brain cells working.
You're listening to... Hey, this promises to be fun.Investor's Edge.The last bastion of quality programming.With Gary Coltbaum.It doesn't get better than this.
And I want you to remember something. We're the ones that were saying it was the Ebola virus versus the bubonic plague.We were the ones that saying that on the economy he's filet mignon and she's spam.
We were the ones that were saying but Trump where's the presidentialness and stop saying you didn't you didn't lose the last election.We're the ones that said she's a made-up candidate
that she just changed everything about our whole life for an election.And the reason why when she was asked specific questions she couldn't answer them because she couldn't show the conviction of who she really is.She's a way leftist lefty.
Everything about her in the past was about confiscating guns, defunding police, ease up on criminals.Everything about her.
And of course, with Biden, open borders, major debts, major deficits, growth of government, rules, regulations, fees, fines, mandates.And that's why we said to you, Donald Trump on the economy is filet mignon, she's spam.
Except we real pissed off at Donald Trump on the debt and deficits.But, Maybe we have somebody coming to the rescue.Elon Musk.They're supposedly doing a committee on government and efficiency and lowering the spending.
My goodness gracious, my wheelhouse.So not only is, if this comes to fruition, we're talking filet mignon, chateaubriand, little caviar,
bernie sauce little lobster mac and cheese on the side because imagine we went from potentially raising corporate taxes on top of letting the trump tax cuts go bye-bye raising capital gains taxes raising the investment tax you know that shadow tax obama put in for obamacare
an unrealized capital gains tax, oh, but don't worry, it's just for the rich.Two, lowering taxes on maybe a bunch of things.The talk of no taxes on social security.
Just so you know, we never used to pay taxes on social security until I believe the year 90, don't quote me on this, late 90s. then all of a sudden we're paying taxes on social security.The talk of waiters and waitresses on tips not paying taxes.
Firemen and policemen, why would they pay taxes when they're serving us so well?Interesting.And you know moi, the less out of our pocket and to government's inefficient and effective pockets is a great thing.And to be able to say, Balanced budgets.
Holy crap.Would that be great?So I'm all in on the economic Trump And we'll see how it goes and as we say to you I am Missouri show me and we hope they show us oh By the way, he hired a 67 year old grandma as his chief of staff Misogynist Trump.
Be careful of what you're hearing out there, kids.Keep your own interests at heart.And I always say to people, because I get so many emails, why do you worry about what everybody else thinks?
I get so many emails about what this pundit said and that pundit said and what this guy said and the conspiracy theorists and you know who they are.Why are you listening to these people?Don't you think they have an agenda and this and that?
I got an email from somebody quoting somebody that just got out of jail.Well, guess what just happened in this election? People voted based on how they felt and what they were seeing.
Hispanics on the border that we were told will vote in droves for Kamala Harris, voting in droves for Donald Trump.And you know what they said?They didn't say they didn't like a woman or that she's black.
They said that they cry when they go to the supermarket. They say they hate what's going on the border.Wait a minute, the Hispanic hating what's on the border?Do you know what they're saying?We came here legal.
They're coming here illegal and they're getting food and shelter and education and credit cards, excuse me, debit cards with money on it.They were pissed.
And the reason why I knew Trump had won at like 830 was because Florida was in such the lead there and he was winning, counting the Hispanics.And I'm thinking, oh boy.And I looked at my wife and I said, he's going to blow her out tonight.
It's going to be a landslide.And I texted my friends.They didn't believe me.I texted my son.No, come on.And now they think I'm a genius, but you don't have to be a genius.
When you tell a whole group of people lies and they figure it out, guess what happens?And it happened.And the problem for the left now, as I have been watching, they keep saying their problem is messaging.No, their problem is their beliefs.
People are done with your messaging. Enough!Everything I've complained about here, about what's happened over the last three and a half years, they're now complaining about.And there's your little bit of post-mortem.We'll cover more next week.
As it goes, we'll let you know what Trump's next move is. Overnight, there was an attack in Amsterdam.Israelis were attacked by a bunch of Muslims.They were Muslims.We're just stating facts.
And what's happened is that the people, Amsterdam and Europe, they've allowed a lot of these extreme Muslims to parade around calling for the death of Jews and the death of Israelis.And guess what?They carried it out last night.
And now the head of Amsterdam is apologizing profusely.This ain't happen again. They arrested, I think, 70 people.I heard some Israelis are missing.Israel had to send in airplanes to go pick them up.
They were telling Israelis to stay in their hotel rooms and lock the doors in the middle of Amsterdam, one of the cities I love to visit.You know what this is an outcome of?I'll finish that up next.And then the markets as they just closed.I'm Gary.
This is the one and only Investors Edge.
Hey guys, it's Bobby Bones, Eddie Lunchbox, and myself recently went to Vegas Speedway to test drive the IONIQ 5N before this year's iHeartRadio Music Festival.We have an awesome episode recapping our experience out now.
Take a listen, and thanks to Hyundai for making this possible. We're driving a race course.This is not if you're regularly driving the car.We're driving a race course with big like hairpin turns.
I was impressed on how well you drove.Like, I don't think I would have taken those turns as fast as you did.I didn't think he could be that aggressive.
He drives like a grandma usually.
Yes, dude.You always go under the speed limit.Yeah, there were no cops.
I knew there were no cops around any corner.Dude, you punched it.So there's quite the boost in this car.It's awesome.Like that's what we're doing out here today.Yeah.Just Vegas in general, though.What's wrong?I'm so dry. Oh, everything's dry.
Oh, my lips are dry.I actually had to take my wife's chapstick.I have chapstick in my pocket for the first time, and I said, I'm gonna lose it, you know that.She goes, it's okay, I'll get more.
Wait, did she come with you?Yeah.Okay, I thought you said that to her when you left the house.No, no, no, that's you.I'll fly to Vegas with it and bring it all the way back home.This episode is presented by Hyundai.
Hey, I'm Ryan Reynolds.At Mint Mobile, we like to do the opposite of what big wireless does.They charge you a lot, we charge you a little.
So naturally, when they announced they'd be raising their prices due to inflation, we decided to deflate our prices due to not hating you.That's right, we're cutting the price of Mint Unlimited from $30 a month to just $15 a month.
Give it a try at mintmobile.com slash switch.
$45 up from payment equivalent to $15 per month.New customers on first three-month plan only.Taxes and fees extra.Speed slower above 40 gigabytes.See details.
This is a story of the one.As a maintenance specialist for university housing, he knows college students can major in wear and tear.Plus, housing so many students doesn't leave a lot of room to house all the supplies he needs.
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you're listening to america is talking investors edge he's gotta be pleased with that the crowd is just on its feet here he's a cinderella boy with gary colbom highly recommended you're gonna feel better if you talk to him so why would these extreme muslims
Think they can get away with attacking Israelis and threatening their lives because they've been allowed to march and scream and yell and hate and all that.And guess what's been going on in the United States?Not a ton of it, but pockets of it.
I'm seeing it every night in different cities, threats of Jews lives. And how did that come about?Because this administration allowed it to happen on the universities.They became more emboldened.
And I'm worried some of these clowns are going to pull what just happened in Amsterdam.And that's where I'm happy as hell that Trump's going to come in because they ain't going to get away with it with Trump.They've gotten away with it with Biden.
There's videos.And by the way, before, We start to get emails, what does this have to do with markets?This has everything to do with markets, it has everything to do with jobs.These are people running the country.There's videos after videos of
Jews on campus having their lives threatened, being blocked from going to class and going to libraries, and being pushed into the corner of buildings and not let out.And this administration said not an effing thing about it.Not once.Fine me once.
And the people that run these schools were on Capitol Hill, and they were asked about it, and it has to be in context.And the professors are out there doing it with these animals, threatening lives.
And administration said nothing, and what did I say to you? If it was the Ku Klux Klan doing it on blacks, the administration be going nuts.National Guard, military, police, hate crimes, jail, you name it.That's how you get to this point.
Just another reason why at this point I'm happy who we got.And you know me, Ebola virus versus the bubonic plague.But now he's in. and give me a tough guy.Because we have to stop, we gotta root out racism.
By the way, they're calling him a racist now because he wants to control the border.So the number two thing people care about is the border, and they're calling him racist for trying to do something about the border.I love people.
Anyway, we're done with that.The market just closed.That's why we were yapping away on this. But we called it.We called it.And I got news for you.
If they continue to allow these pundits on TV with their screwball, crazy, lunatic opinions, forget about it.You know who got it right?For the wrong reasons, of course.Bernie Sanders.
He said the reason why the Dems lost is because they have dropped any pretense about caring about the working class.So why would the working class care about them?It's a great line.But he's saying it for a different reason, but it's still point.
So the good news is your taxes are not going up.They may be going down.Regulations. and mandates and fees and fines over your life, they're not going up.They may come down.We'll see how it goes.We hope he does great things.That's what we want.
We want equal opportunity for everyone.For everyone. with no bias on race, creed, color, gender, denomination.I saw a bunch of trans people already protesting.What are you protesting about?What are you upset about?
He's never done anything against that community.But they've been listening to these fricking pundits that are being told that this, that, and the other thing's gonna happen to them 24-7.That's what's going on.We move on.
Dow up 259, was up 450, S&P up 22, NASDAQ only up 17, NASDAQ 100 only up 15, transports up 143, advanced declines, Kind of tightened up a little bit, but I must tell you a few things about this market.Are you ready?
I'm going to pick it apart for you as we head into the weekend with your little market weekend review.Let me start out by saying, as we always do, the avoids.
A lot of the oil still, even though they rallied up some, there were some strong oil stocks in pipelines and things like that. I got Warren Buffett's stock, Occidentals like New Yearly Lows almost.
It'll probably go up tenfold in the next few years because Buffett's pretty good.But a bunch of the oils, bad shape.A bunch of the mainstream semiconductors, just bad shape.
These semiconductor equipment stocks like ASML, AMAT, KLAC, LRCX, and the others like Micron, Qualcomm, The suppliers to Apple, SWKS, QRVO, act like crap.Not just not keeping up, but downright bearish.A bunch of the retailers.
Let me start with the dollar stores.Housing-related retail, Home Depot and loads of hanging in there.Floor and Decor, Williams-Sonoma, ew.Some of the high-end retail, LVM, and the like. Lululemon, trying but not in great shape.So a bunch of retail.
China.So yesterday I said to you, with China, hey, just letting you know, they did this Eiffel Tower move straight up and straight back down, but still above that original gap when China just started throwing money at everything.
And yesterday, there was a really good day.And I believe I said to you, something to the effect of, I think maybe they put in a low here.We'll see what tomorrow brings.They just turned it right back down today.And why?
China added more to whatever they're trying to do.And from my reading, and I don't know if this is correct or not, because we really only care about outcome, the worry is things are a lot worse there
than expected based on the moves China's doing and how much they are injecting into the system.So they whacked the crap out of Chinese stocks today and there's just a bunch that have just broken down.That's the best way I can put it.
There's just a bunch that have broken down.So, nah.Gold and silver stocks and silver back below the 50 day.Gold still fine. But under, excuse me, silver is just a little bit below the 50 day.Just under pressure.
Gold fine, but had some pressure this week because of a much stronger dollar off of the Trump election.But gold stocks ain't happening.Brazil acts terribly.India, which was in a bull market, near term on the bearish side.Anything trading, oh, solars.
Talk about yanked.Solar stocks, wow.Blasted into smithereens continuously over God knows how long.And then consumer type staples.Not all, but food and beverage and household products Even tobacco that was acting well starting to come in.
I don't know what the reason, don't really care.But that area is bearish at the moment.Looks like they probably topped out utilities and the REITs.Not so bad of note.Housing stocks under pressure.Most definitely not in the bear market.
But under pressure, and you know me, anything trading below the 50-day moving average is not good news.Anything that gaps to the downside in a bad way on earnings reports.And there was a bunch.These are the avoids.
The good news is, overall, good shape.We'll explain that up next on Investor's Edge.
Hey guys, it's Bobby Bones, Eddie Lunchbox, and myself recently went to Vegas Speedway to test drive the IONIQ 5N before this year's iHeartRadio Music Festival.We have an awesome episode recapping our experience out now.
Take a listen, and thanks to Hyundai for making this possible. We're driving a race course.This is not if you're regularly driving the car.We're driving a race course with big like hairpin turns.
I was impressed on how well you drove.Like, I don't think I would have taken those turns as fast as you did.I didn't think he could be that aggressive.
He drives like a grandma usually.
Yes, dude, you always go under the speed limit.
Yeah, there were no cops.I knew there were no cops around any corner.Dude, you punched it.So there's quite the boost in this car.It's awesome.Like that's what we're doing out here today.Yeah.Just Vegas in general, though.What's wrong?I'm so dry.
Oh, everything's dry.Your lips dry?
Oh, my lips are dry.I actually had to take my wife's chapstick.I have chapstick in my pocket for the first time, and I said, I'm gonna lose it, you know that.She goes, it's okay, I'll get more.Wait, did she come with you?
Yeah.Okay, I thought you said that to her when you left the house.No, no, no, that's you.I'll fly to Vegas with it and bring it all the way back home.This episode is presented by Hyundai.
This is a story of the one.As a maintenance specialist for university housing, he knows college students can major in wear and tear.Plus, housing so many students doesn't leave a lot of room to house all the supplies he needs.
That's where Grainger comes in.With over a million industrial-grade products and fast, dependable delivery, Grainger carries the quality products he needs so he doesn't have to, from a new door hinge to a whole new faucet.
Call, clickgrainger.com, or just stop by.Grainger, for the ones who get it done.
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Fox News tomorrow morning 10 a.m.to noon Neil Cavuto I am in one of the hours not sure which hour have no idea we're gonna talk about but I am on tomorrow Fox News between 10 a.m.
to noon unless the stories change you never know what comes up it happens by the way AMD, Adobe, Microsoft, Apple, relatively just weak, just letting you know.So some of those big tech names relatively on the weak side.We don't own those.
We only own strength.In the Dow, a Caterpillar was down 15 today after gapping up on the election. Interesting, right before the election, they reported earnings that was gapping down.So maybe that's taking over.Don't know.
McDonald's bounced today, but recently under pressure because of can't have E. coli.So there's different things, different areas that are weak, but we were not throwing cold water.You have gaps to the upside in every major indice. every major indice.
Gaps to the upside.And until that gets violated, we ain't arguing.Simple as that.Extended, but those gaps stand for right now.Gaps to the upside in the financials. Rough day yesterday, kind of right back up today of import.
New high list because of those gaps immediately overnight go from not much to a crap load.And as I said, bad reactions to earnings. Man, there have been some huge reaction to earnings also.Huge.AXON up $120 today to 590.
APP had a big gap up yesterday, up another 44 today, even though it was already crazily extended yesterday.Tesla gapped up. And that is just the Musk-Trump thing, because certainly Tesla's not doing so great.Guess what?
Gapped up, up some yesterday, up another 25 bucks today.And we repeat, until those gaps are violated, opportunity higher.We'll still take it day by day.S&P. Gaps up.Dow, gaps up.NASDAQ, gaps up.NASDAQ 100, gaps up.Industrials, gap up.
Discretionary, gaps up.On the election.And as we've stated, rhyme and reason.We have gone from, number one, 100% losing the Trump tax cuts to we're gonna have those Trump tax cuts extended.It's huge.
On top of that, there was potential not only have those Trump tax cuts go bye-bye, but much more in tax hikes.And we've listed those for you ad nauseum.Changes the whole structure of what the market thought would happen or could happen.
And that's what you're seeing over a three-day period. It is the ability of you and I to profit more, which means keeping more of our own money.Businesses' profits improve keeping more of their money, which lets them hire easier, invest easier.
Also, and I think about this all the time, this administration shot down the JetBlue Spirit Airline merger, saying antitrust.Spirit Airlines almost went bankrupt because of that, and they knew it.
They got a lifeline right now, and hopefully they stay in shape. But imagine knowing a chance of a company going bankrupt if they don't let them merge and they still shot it down.That ends a more better business environment will be had.
They took a ton of our money to hire a ton more IRS because they said the wealthy were cheating. Even though they all we do is use their tax code.Think about all that.That all changes.
The IRS is still going to be there and if you cheat they're coming after you.And you deserve it.But just a whole different way of thinking about business going forward.And it could be meaningful. And at least the market believes it so far.
Economically sensitive names, good reaction.Financials, good reaction.Interesting that the semis not very good reaction, I'm thinking.They were handing money hand over fist to them.Intel got a ton even though they keep failing.
So we'll see how it plays out.Still a lot of things are up in the air, but we'll know in time where they're going with policy.But I do remember Trump when he was president, low taxes and less regulations.
I didn't agree with everything, but lower taxes and less regulations.Let's hope next thing up is the musk man.And that is on the deficits and debt. and the asinine growth of government.That'd be one hell of a trifecta.
That all said, whew, you all have a great weekend.Drive carefully.When you get home, do like we do.It's quite simple.Make sure you hug your family, make sure you hug your children.They will feel better, you will feel better, I promise.
I'm on my way to the airport.Peace out all, stay well.Night night. Till Monday.Bye bye.
This has been Investors Edge with Gary Kaltbaum on BizTalk.To listen to past episodes or to get in contact with Gary go to GaryK.com.That's GaryK.com.
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