12/15/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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https://archives.warpradio.com/btr/InvestorsEdge/121518.mp3

JUST LETTING YOU KNOW…

We’ve had a pretty icky market as of late–what I’ve been describing as bearish action. A lot of areas are breaking down. I don’t like what I’m seeing…a lot of growth leaders in trouble.  

At the very least, there’s just not much to do, as there’s not much leadership in the market.

Every day I read you the new high list. I can it quite quickly (about 12 seconds) because there are not many new highs. And we’re talking about yearly highs. That really defines whether you have a good market or not.

“…Whether you have great growth leadership breaking out to new highs…”

We have 10 trade days left this year. And in surprising fashion, the market is down decently since Veterans Day even though the last 10 out 10 years it’s been up and the last 22 out 24 years it’s been up. So you can take the seasonality and just throw it out the window.

And frankly what I think is really happening here, if I was just guessing:

Those two big gap days we had on this Europe thing…that had been what the market wanted to do into the end of the year. Except it was kinda forced on the news of…whatever of that news was.

And frankly, Einstein couldn’t understand what the heck they’re talking about coming out of Europe.

So this continues to be a time for patience…or you just get carved up.

And the most importing thing you can do right now is to keep your capital near its high watermark for when this thing ultimately turns. And it will definitely turn. It is a guarantee that we will have another bull market out this. You just don’t know when. 

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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.