11/22/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

Byaaronmat-admin
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https://archives.warpradio.com/btr/InvestorsEdge/112218.mp3

JUST LETTING YOU KNOW…

  • Every day I try to come up with things to make you feel better, but it’s just a very tough environment, ladies and gentlemen.
  • Even when the market was rallying, I’d read you the new highs to show you there wasn’t much leadership.
  • I think the rally was just an intermediate rally in a bearish market and now we’ve resumed it. I don’t know if we go back to the lows...but the new low list is picking up.
  • Seasonal strength ain’t happening.
  • The financials continue to act like a horror show. Remember back in February, I told you they started to act like it was ’08 all over again. Market would go up, they wouldn’t. Market would go down, they’d lead down.
  • Now we’re seeing BofA at 5.37 with insider selling, Wells Fargo with insider selling, JP Morgan, Citi Group, Morgan Stanley, Goldman Sachs, Bank of New York, General Electric which I consider be a financial stock — all acting horrid. So not a lot to munch on here.
  • Patience the key
  • This is the toughest market environment that I’ve seen in a very long time. The easy ones are when just drop 50% and you just get out and just watch. This one, they tease you and then…they smack you.
LET ME GIVE YOU THE GOOD NEWS:
Over the next 10 to 20 years, there will be the next Cisco and Microsoft. The LA Gears, Amgens, AOLs, Apples…all the big winners of the past 20 and 30 years.  New companies with new products, huge margins great management and big lines waiting to buy their products.
 
My job is to find them. And I’m going to do my best. You can’t hide bull markest. You can’t hide greatness.

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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

3 Comments

  1. “You can’t hide greatness.”

    Funny thing, the Bureau of Economic Analysis just reported that Corporate Profits grew to a record high, hitting an annualized 1.507 trillion in the 3rd quarter. That’s over 10% of GDP!

    Given record profitability, where’s all this “greatness”? Or could it be that there’s no greatness, just fraudulent financial statements?

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