THIS PICTURE TELLS IT ALL!

Deeply affected by the massacre at Sandy Hook, gun owners in Camden, New Jersey, America’s deadliest town, turned in a record number of weapons in a buy back scheme over the weekend.

1,137 firearms including an elephant-gun were handed in on Friday and Saturday at two churches in the crime-plagued town as the ramifications of the mass child killings in Connecticut seemed to inspire residents to give up their arms.

‘We heard that there were a number of gun owners on Saturday who had publicly said, in light of the situation that had just occurred in Connecticut, they wanted to turn in their weapons,’ Paul Loriquet, a spokesman for the Camden police, said in an interview with Philly.Com.

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SOURCE: http://www.dailymail.co.uk

THE THINGS WE LIKE TO SEE

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SOURCE: http://www.aol.com

kaltbaum premarket

Futures are up a wee bit. ORCL gapping up on numbers. Doesn’t take a rocket scientist to say near term, markets overbought but it is that time of year. Hoping some stronger names pull back versus new breakouts but we’ll take it as it goes. Will be back intraday if I see anything new on the move…as there are a few names…just less thrilling names. The financial/asia/commods move continues as the dollar gets blasted again this morning.

12/18/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

http://archives.warpradio.com/btr/InvestorsEdge/121818.mp3

JUST LETTING YOU KNOW

With 8 1/2 days left of trading before the end of the year, the boys are getting the job done. Remember what I told you.

Last year the week before Christmas, the S&P was up 4.1%.

Guess what? We’re not even into Wednesday and we’re already up 2.3% in two days.

This is how they work. It’s a gimme. This is what I told you on Friday would probably happen. And you never know. But these guys are good at painting the tape into the month-end to the quarter-end, into the year-end…and they’re determined.

I also told you yesterday that none of the news is good. Nothing’s happening with the Fiscal Stiff. Maybe something ends up happening. But it’s just going to be higher taxes and more government spending. Nothing’s going to change. Economic numbers…drab. GE (I think that’s an important company) lowered their numbers.

But you’ve got the kicker. $85 billion a month in printed money. That’s a trillion bucks a year, ladies and gentlemen. That our Deficit per year – printed out. And, of course, they’re doing the same think in Asia. They’re doing the same thing in Europe.

And markets like it.

And guess what? We go with it. And that’s that.

On top of that, just remember this for the future. When Financials are not going down, the market is typically not going to be going down. When Financials go up, the market usually follows. In recent days you had Citigroup breakout, BankAmerica breakout, and a few others come up their right side.

So I have nothing bad to say. It was another strong Accumulation Day today – finishing with a little flurry at the end of the day.

Gold

It makes me so very, very happy. Gold is rolling over and rolling over badly now. I couldn’t be happier.

Let’s backtrack. As you know, about 15 months ago all I did pose a little possibility to you in that Gold had been in a big bull market for a good 10 years, if not more. I have also told you that most big secular bull markets end with a climatic run and that in 1979 to the top in 1980, Gold went up four-fold in last move. And in a climatic, Gold doubled in weeks. But before that final move happened, Gold went through a big bear market. Back then, it was 50%.

Gold Chart

Right now Gold is down 13% from the highs of September 2011. So my hopes is that there’s more time and price. Why? For that last move to happen, you need to wash out people. You’ve to get them bearish. You’ve to get them thinking nothing goods going to come of it.

So I’m happy. The farther it goes down the better. And IF (notice the word “If” as there’s no guarantee) we ever get that turn – oh I’m going to try and be so on it.

Being in climactic moves is a very good thing. Again, the dollar was weak today and you would think Gold would be strong. I can’t put 1 + 1 and get 2 on this today. I don’t care. And, of course, silver’s going along for the ride also.

Now there are those that are saying it’s being sold off because the market has the “risk on” trade. Okay, I’ll give you that. Again, it does not matter to me. And frankly, the market doesn’t care anything right now, except it’s the end of the year and it’s got some juice and that’s that.

LISTEN TO GARY LIVE ON WEEKDAYS 6-7 PM ON A STATION NEAR YOU AND AT GARYK.COM

6-7 pm EST

Best of Investor’s Edge
Saturdays 1-2 am EST

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.

 

kaltbaum email

This is the type of market I like as I can talk less and just give out stocks and pivots. Today, AMZN blew past the pivot. EBAY just needs to pop out. CRM is cooking. AMGN still sitting. The plan was to come into the week and also buy the market off the pullback…and so far, successful…even better than I thought. The boys love the mark-up and they had to get it done this week as they leave for Aspen next week.
 
The best thing to happen is some pulling in as a few names like a RYL would be buyable. The only thing tonight is to get some RAX…but will look for pullback. I will give you parameters in the morning.
 
I do want to let you know I am traveling Thursday so no report Thursday night…there will be a report Friday morning. I will be on vacation until the 1st but will have reports while on vacation.

END OF YEAR RALLY ON CUE – SEE WHAT $85 BILLION/MONTH WILL BUY

Before we get started, my prayers go out to the families affected by the senseless tragedy in Connecticut. My heart aches over the interviews I have been watching of the parents who lost a child. Frankly, I don’t know what I would do if it was my child.

The anticipated end-of-year rally that this report told you about…has started on cue. All major indices were in constructive pullbacks into support/moving averages…combined with the end of the year coming up…making it almost a gimmee. The set up was there as important areas like financials are now breaking out to the upside. As I have stated numerous times over the years, markets do not get in trouble when financials are working…and when they are on the move, markets follow. Other areas coming on again are the housing and housing-related names…and finally, starting to see a few growth names starting to kick in.

On top of this, the foreign market/commodity play is still working. Steel, metals,mining and now oils are getting into gear as countries like China are now getting a bid. The dollar is being crushed on purpose…enabling these moves.

For me, it is simple. In the past couple of days, GE lowered numbers and economic stats continue to be a big blah. The fiscal stiff is still at hand as taxes will go up….and there will be no spending cuts as Boehner will get nothing done. But the Fed has decided if $45 billion/month is not enough….let’s just print $85 billion. I gather they will raise it even more if they deem necessary. I need not going into what I think of the trifecta of debt in Geithner, Bernanke and this President. The market continues to not deal with reality. The good news is that we only care about reaction. As I have stated, when you have a fixed asset like the market…and you add $85 billion/month which in part, chases that asset…the asset will go up. Of course, until it decides not to. So the bubble just gets bigger and bigger.

My next report will come from the beautiful beaches of Wailea on the Island of Maui. Enjoy the holidays and make sure you hug your children.

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.

kaltbaum premarket

 

Futures up off of yesterday’s momentum, Xmas trading and lots of financials being upgraded this morning. On top of that, I count 4 analysts defending AAPL.
 
Changing one thing…since C is upgraded…wait this second to enter. I will advise.
 
Do keep in mind, most major indices are just back into the middle of ranges…but have a good set-up off of yesterday’s move and seasonal strength.
 
AMZN remains as a play iof it moves above resistance.

kaltbaum email

Well…the rigged market moves on cue. It is end of month, end of quarter and end of year…so the first set-up ramps. In case you didn’t know, here was the news today….GE lowered their numbers and economic numbers were terrible. That should lift markets? Yeah…that’s the ticket. You can be in a depression but with Ben printing $85 billion….
 
I hope you took the SPY or the IWM this morning as the set-up was there. CRM,EBAY moved nicely today…AMGN was blah.
 
Of course, saw a couple of bearish bank analysts turn bullish…so the banks are up in after hours. I do believe you go probe some C in here as it looks like a good breakout.
 
Also would be buying AMZN moving above 255.55.
 
We’ll also look at housing and housing-related names as they are on the move again. Will advise in the morning.

12/17/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

http://archives.warpradio.com/btr/InvestorsEdge/121718.mp3

JUST LETTING YOU KNOW

You all know what happened on Friday. My kids do not know this, but this weekend I basically spend it looking at them. They don’t know this and I didn’t tell them. And the only thing I thought about is…

What are these parents thinking? How are they feeling?

Because, I do not know how I would function and move forward if I was the parent in something like this.

So my best advice on this is…

Work hard.

Love a lot.

Do more with your family.

Don’t waste your days.

Make your days count.

Have a kind word for your children.

Always look to bolster them up, not bring them down.

You know it’s a shame that it’s times like these that make you really thinking twice.

Two of the children are being buried today. I gotta tell you, I’m beside myself about this whole thing. I don’t even know what to think. I’m really not into processing why somebody would do this because none of us will ever know why.

I must tell you that I received several calls in my office today from listeners. They wanted to know what I thought of gun control. I received a bunch of emails asking the same. I gotta tell you that this is not the forum for this. I’m not an expert on this.

But I do know that the name of my website GaryK.com, The Voice of Logic. We always try to think logically hear in everything we do and everything we talk about. We try to narrow it down to pure numbers and logic.

The only thing I can think of is that there’s got to be better logic to what’s going on, that something like this could happen. You can’t stop it. These are outlier events.

These are isolated incidents. Let’s hope it stays isolated.

The Market

On Friday, I just noted that the pullback we are seeing was nominal, right into support. I told you that, last year, the week before Christmas, the S&P was up 4.1%. And you never know what you can expect, but you do have a decent idea.

Leave no doubt, ladies and gentlemen, that today started the end-of-December, end-of-quarter, end-of-month, end-of-year rally.

Now, how do I know this? It just is what it is. I’ve done a study. I just went back 4 years and I’m going to go back 10. The tape gets painted into every month and the end of every quarter. And especially the end of every year. Fees are paid off of this. Statements go out off of this. And I am basically – how do I put this – I’m not changing what I do, but I’m adding it to the repertoire because more than coincidence year. It is a fact.

Why would the markets start rallying today when they came out with economic numbers that were horrible? Yeah. The Empire State Manufacturing Survey came way worse than expected today.

There’s no news of the Fiscal Stiff, though they’re talking. Earnings have not been good for the quarter. Sales were not good. Why would we rally?

It’s the end of the year and should take advantage of it.

Will it last longer? Could be.

We don’t anticipate. We don’t predict. We just know coming into today, the market that decent look. The financials were acting well. Remember I told you about BankAmerica breaking out and Citigroup on the verge.

And we got a good day. We hope it continues.  

LISTEN TO GARY LIVE ON WEEKDAYS 6-7 PM ON A STATION NEAR YOU AND AT GARYK.COM

6-7 pm EST

Best of Investor’s Edge
Saturdays 1-2 am EST

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.

 

AND YOU THINK 0% INTEREST RATES ARE GOOD?

Father-son talks are always difficult, but it was time to teach my teenager about how things work. I dragged him to our local branch of Wells Fargo and opened a checking account with ATM card privileges and a savings account where he deposited his hard-earned umpiring cash. Having worked on Wall Street for 25 years, I stroked my chin and provided some sage advice: Checking accounts don’t pay interest, so keep your money in the savings account and just move it to checking when you need it. None other than Albert Einstein, I noted, said, “compound interest is the most powerful force in the universe.”

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SOURCE: http://www.weeklystandard.com