HE IS LUCKY HE HAS US

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On Tuesday, President Obama went to Osawatomie High School in Kansas to deliver an address framing the economic issues for the 2012 election.  He was following in the footsteps of turn of the century “progressive” Teddy Roosevelt, who spoke at that same site 100 years ago to rail against big corporations and the privileged, while calling for “fair play” for ordinary Americans.

But the speech only showed why Obama can’t lead America on the economy.  Instead of leading us forward into the modern economics of the 21st century, he keeps reaching back into the economics and politics of old – the failed Keynesian economics of Franklin Roosevelt in the 1930s, the disastrous stagflation of Jimmy Carter in the 1970s, and the supposed promise of progressivism 100 years ago, before the demonstrated failures of Marxism worldwide in the 20thcentury.

Continued

SOURCE: http://www.forbes.com

12/08/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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http://archives.warpradio.com/btr/InvestorsEdge/120818.mp3

JUST LETTING YOU KNOW…

I’ve been telling you for months that I’m not going to commit a lot of capital to this market. I going to take my time. It’s impossible to play —

  • When you have a crash.
  • When you 10% rallies and 10% drops in  days
  • And you do that around 8 more times.
  • Then a wash out low that goes up 5 days straight without a pullback.
  • And you get gaps left and right, up and down and all around.

Today was a case in point. Today’s action…all on rumors and news, and supposed rumors of news.

And we have one more day of it coming tomorrow. The European Summit…a bunch of people that have caused huge gigantic debt problems…telling us that they’re going to solve those problems.

I will continue to be patient…Take my time, not commit a lot of capital.

I’VE BEEN READING A BOOK ABOUT JESSE LIVERMORE AND HIS THOUGHT PROCESS…HE SAYS “WHEN IT AIN’T RIPE, DON’T PICK.

When you are dealing with nauseating human beings that have created massive amounts of debt, destroyed their economies and they’re the ones that are going to fix it — with massive amounts of debt.

So I will just say this:

We’re around that 200-day moving average, as the market rallied back into it. It seems to be that the Big Boys are distributing stock, and they distributed well today. And we’ll see what comes of this. As I’ve been telling you throughout this 8-day jaunt to the upside…

THERE’S VERY LITTLE LEADERSHIP.

LEADING GROWTH NAMES HAVE BEEN TOPPING OUT IN THE MIDST OF THIS RALLY UP. NAMES LIKE BIDU, PRICELINE, AMAZON, DECKER, WYNN RESORTS…WE’LL NEED TO SEE BETTER.

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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.

 

PINOCCHIO IN THE OVAL OFFICE

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Five Big Lies In Obama’s Fairness Speech

Election ’12: One thing is certainly true about President Obama – no matter how many times people point out the falsehoods in his speeches, he just keeps making them. Case in point: his latest “economic fairness” address.

In that speech Tuesday, Obama once again tried to build a case for his liberal, big-spending, tax-hiking, regulatory agenda. But as with so many of his past appeals, Obama’s argument rests on a pile of untruths. Among the most glaring:

• Tax cuts and deregulation have “never worked” to grow the economy. There’s so much evidence to disprove this claim, it’s hard to know where to start. But let’s begin with the fact that countries with greater economic freedom – lower taxes, less government, sound money, free trade – consistently produce greater overall prosperity.

Continued

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

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http://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.

YOU EXPECTED SOMETHING DIFFERENT FROM A CUOMO?

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 Just more wealth redistribution but not from the rich to the poor but the rich to the government.

Albany – Gov. Andrew M. Cuomo and legislative leaders on Tuesday announced that they had reached an agreement to raise taxes on New York State’s wealthiest residents as part of a deal to overhaul the tax rates.

The leaders, seeking simultaneously to make the state’s income tax system more progressive and to increase tax collections during a down economy, announced their agreement as lawmakers began to arrive at the Capitol for an expected special session of the Legislature later this week.

The tentative agreement would not only raise taxes for the wealthy, but also cut taxes for the middle class, by creating four new tax brackets and tax rates. The officials said the tax rate changes would generate $1.9 billion in annual revenue for the state.

Continued

SOURCE: http://www.truth-out.org

I THINK WE HAVE TO KEEP THE KIDS IN HIGH SCHOOL

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High school dropouts on average receive $1,500 a year more from government than they pay in taxes because they are more likely to get benefits or to be in prison, according to a U.S. study released on Wednesday.

“Dropping out of high school before receiving a high school diploma places a substantial fiscal burden on the rest of society,” wrote Andrew Sum of Northeastern University, an author of a study of Illinois and Chicago residents done on behalf of the Chicago Urban League and some education groups.

Continued

SOURCE: http://www.cnbc.com

JUST BECA– USE

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100 Incredible Views Out Of Airplane Windows

1. London, England

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continued

SOURCE: http://www.buzzfeed.com

12/06/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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http://archives.warpradio.com/btr/InvestorsEdge/120618.mp3

JUST LETTING YOU KNOW…

I am feeling the manic debt buildup, now going on. There’s no caution. There’s no forethought of what will come out on the other side. It’s just damn the torpedoes straight ahead. The Fed’s job has never been to interfere with markets. But of course, that’s what we got going right now and they’s why we have this manic activities in the markets.

The same people that caused the problem are the ones that are still in power. They’re telling you they’re going to fix the problem with the same things that caused the problem in the first place. No accountability on the moves they make, with debt rising evermore.

The people who are trying to do the right thing are being called racists and extremists and people who do not care about the poor, downtrodden and elderly. It is a scam perpetrated by the people that put us into this massive debt.

The Markets

The biggest leaders of the prior bull market are acting horrid — in the midst of continuous topping out. At the same time, so many areas that have been acting better and lifting the market up recently are not in bull markets...just recovering some.

So we’re in December with 17 days left. As I’ve been saying, they’re going to do everything they can to paint the tape.

JANUARY’S GOING TO BE INTERESTING.

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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.

LOVE THEM LOOPHOLES

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A Seattle woman who is receiving welfare assistance from Washington state also happens to live in a waterfront house on Lake Washington worth more than a million dollars.

Federal agents raided the home this weekend but have not released the woman or her husband’s name because they have not officially been charged with a crime.

However, federal documents obtained by KING 5 News show the couple currently receives more than $1,200 a month in public housing vouchers, plus state and government disability checks and food stamps. They have been receiving the benefits since 2003.

Continued

SOURCE: http://news.yahoo.com

12/05/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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http://archives.warpradio.com/btr/InvestorsEdge/120518.mp3

JUST LETTING YOU KNOW…

The last 18 trading days of the year…

We’ve had a good six days of upside...4 of them were gigantic gaps where the markets up about 8% after dropping 9%. And of that 8% about 80% off the gap. On another save by the Fed..this time of Europe. Yeah, we’re gonna save Europe. Europe’s gonna get this amount of money, Italy’s gonna go on an austerity plan and life’s all great again.

The amazing thing is watching everybody paying attention to Europe, when WE HAVE SO MANY PROBLEMS.  WE ONLY HAVE 15 TRILLION IN DEBT AND GOING HIGHER BY THE MINUTE…AND WITH NO PLAN TOP GET RID OF THAT DEBT.

Yet we’re telling Europe what to do with their money or lack of. I find that quite funny.

Hey, but I’m just going along for the ride. I’ve got 2 strings attached to me, just like you. We’re just a bunch of puppets.

We’ve got 18 days left and they’re going to do everything possible to have the market as high as possible. As I’ve told you...from Veteran’s Day until the end of the year, the last 10 out 10 years have been up, the last 22 out of 24 years have been up. And there’s a reason. They’re painting the tape into the end of the to make their numbers look good…and then we’ll have to watch January.

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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.