12/07/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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https://archives.warpradio.com/btr/InvestorsEdge/120718.mp3

JUST LETTING YOU KNOW…

Today’s market…just sheer insanity again.

When it is announced or rumored of more debt and leverage to fix the problem of debt and leverage, the financials rally.

There were several rumors throughout the day. They’re ruining the markets. That’s all I can tell you. Back in 1978ish, people got so fed up with it that they just left the markets and they didn’t get back in for years.

We’ve been seeing volume drip and drip and go lower and lower recently. The feel is – is there a fair shake? I’m a big believer in the long run. There will always be  great leading stocks which will always be paid up for and the crappy ones will be sold down. So I’m not so worried about this.

THE CREAM WILL RISE TO THE TOP. THERE WILL BE NEW APPLES, THERE WILL BE NEW CISCOS AND MICROSOFTS AND HOME DEPOTS. I’M AM SURE OF THAT.

We’ve seen a lot of IPOs recently. I think some are good companies, but they’re coming out with valuations that you can’t make money on.The IPOs are getting smoked left and right because in a difficult market, the curtains come down on companies’ valuations and ones that aren’t making any money.

I kinda think I’m better off not watching the market throughout the day because the intraday action is just stupid. I’m not a daytrader.Nobody knows what the next day’s gonna be and there’s never been a time at which I got to sleep with my expectation that the markets going to gap up or down a couple hundred points everyday…and then when it doesn’t, it’s actually a surprise.

But we will come out of this. When? I don’t know, but we will.

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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.