04/05/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

[email_link]

http://archives.warpradio.com/btr/InvestorsEdge/040518.mp3

JUST LETTING YOU KNOW

Just Pay Attention to What’s Working and What’s Not

Last night Investor’s Business Daily decided to put his market into Correction Mode. No longer in an uptrend. What does that mean?

Frankly, I don’t think it means anything right now. Seriously. I’m not kidding.

I have been telling you for weeks that there are areas of the market that are in their own bearish phase. That has not changed. They have just worsened.

Then, there are areas of the market that are pulling in, some worse than others. And that’s why we’ve had a little distribution here…thus leading to what they call “market now in correction.”

But I’ve got news for you.

Nothing’s changed for me.

I say you stay away from everything commodity.

I don’t like the way the rails are acting.

I don’t like the way a bunch of semiconductors are acting.

The financials have been pulling back – some worse than others.

But when I look in Growth Stock Land – I’m cool. I’m seeing everything A- OK. I’ve yet to see any growth stocks break. The only thing is a few names dropping back into their 10 week / 50-day moving averages where it’s normal to pull into…and they bounce off.

I’m just letting you know…I ain’t there yet.

If they start coming after growth, that’ll be a different story. But I’d like to see that first. And when I look at the action on a day like today, right after the “market going into correction” and see the moves that I saw today in growth, I say no sweat.

If anything changes, I will let you know.

It was a very good day for Growth Leadership. It continues to be crummy for everything commodity, though I would say to you they bounced a little bit today. You just stay away from these areas including: Oils, coal, steel aluminum, copper, metals, mining, construction, construction mining…and that’s a big grouping of places.

I hear the oils are 20% of the S&P and that’s why the S&P is have a bit of a pullback her.

By the way, I do not like the way Housing stocks are acting now. They acted well for a while, but now most of them have broken below their 50-day moving averages.

And, of course, Gold and Silver remain – yuck, especially the stocks that underlie the metals. It’s unbelievable how those stocks are underperforming.

Just pay attention to what’s working. Ignore what is not.

By the Way, Be Forewarned

In the infinite wisdom of our government, they’re releasing the unemployment number, Friday at 8:30a on a day the market is closed. These people are insane. 

LISTEN TO GARY LIVE ON WEEKDAYS

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.

 

 

 

 

 

Hey Timmy…

[email_link]

Hey Timmy…how about your administration’s deficit spending, your administration’s tax policy, your administration’s war on business?   

WASHINGTON (Reuters) – Treasury Secretary Timothy Geithnersaid on Wednesday that fallout from the European debt crisis along with fears of Iran and higher oil prices posed the biggest threats to the U.S. economy.

“Europe is still facing a very difficult, very challenging period. They are likely to have weak growth,” Geithner said in an interview with Fox Business TV.

Continued

SOURCE: http://ca.news.yahoo.com

GOOGLE’S PROJECT GLASS…WOW!

[email_link]

We think technology should work for you—to be there when you need it and get out of your way when you don’t. 

A group of us from Google[x] started Project Glass to build this kind of technology, one that helps you explore and share your world, putting you back in the moment. We’re sharing this information now because we want to start a conversation and learn from your valuable input. So we took a few design photos to show what this technology could look like and created a video to demonstrate what it might enable you to do.

Please follow along as we share some of our ideas and stories. We’d love to hear yours, too. What would you like to see from Project Glass? 

Continued

SOURCE: https://plus.google.com

THIS PERSON IS SUPPOSED TO BE THE WATCHDOG OF OUR FINANCES…

[email_link]

This is OUR Treasury Secretary speaking. Let me repeat…Treasury Secretary. The person who is supposed to be the watchdog of our finances. He is advocating more deficits on top of the almost $16 trillion accumulated. Where the heck did these people come from?

(Reuters) — Americans can’t let fear of deficits stop necessary government spending, U.S. Treasury Secretary Timothy Geithner said on Wednesday as he laid out the administration’s economic agenda ahead of November’s presidential election campaign.

Geithner, one day after President Barack Obama had assailed Republican budget plans as social Darwinism, sharply criticized Republicans who claim the administration’s spending is excessive.

“There is no economic or financial case for using the fear of future deficits to cut as deeply into core functions of the government, to weaken the safety net or fundamentally alter Medicare benefits as do the Republican proposals,” he said.

In exceptionally blunt terms, Geithner claimed Republicans aim to roll back Wall Street reforms, cut government investments in education and infrastructure and slash protections for low-income Americans.

“This strategy is a recipe to make us a declining power — a less exceptional nation,” he said. “It is a dark and pessimistic vision of America.”

Continued

SOURCE: http://www.reuters.com

THIS MAN REALLY LIKES HIS GOLF

[email_link]

By the way, they are not tickets. They are badges that are owned. 

Ever heard the excuse, “The dog ate my homework”? Some of us may have actually used that line at one point or another in an attempt to get out of doing our homework in school.

Well, folks, it looks like we got the saying wrong. Dogs apparently don’t like homework, but they sure do like tickets to the Masters.

Continued

SOURCE: http://sports.yahoo.com

$1 TRILLION PLUS BUDGET DEFICITS EACH YEAR…AND THAT’S CENTRIST?

[email_link]

Did he says his budgets are centrist? $1 trillion plus budget deficits each year…and that’s centrist? Pigs are flying…the Cubs win the World Series…do I need to continue?

“This bears on your reporting,” President Obama said to journalists. “I think that there is oftentimes the impulse to suggest that if the two parties are disagreeing then they’re equally at fault and the truth lies somewhere in the middle. And an equivalence is presented which I think reinforces peoples’ cynicism about Washington in general. This is not one of those situations where there’s an equivalency.”

Continued

SOURCE: http://www.realclearpolitics.com

WHEN IT’S NOT YOUR MONEY…THIS IS WHAT YOU DO

[email_link]

An obscure federal agency may have set a new benchmark for lavish conferences on the taxpayers’ dime. Lawmakers are voicing outrage following a government report that found the General Services Administration held a blowout $820,000 conference near Las Vegas which grossly exceeded what the planners were allowed to spend.

Continued

SOURCE: http://www.foxnews.com

3.8 TRILLION IN SPENDING WITH 1.5 TRILLION BEING DEBT AND BLAH BLAH BLAH!

[email_link]

Seriously…with all due respect…and I mean with all due respect…who are you trying to kid? I heard this same rhetoric they year of my Bar Mitzvah. ‘They will take food off your table…they will take away school lunches…they are against the poor and the downtrodden…blah blah blah! $3.8 TRILLION IN SPENDING WITH 1.5 TRILLION BEING DEBT AND BLAH BLAH BLAH! Read this:

 Obama on the Paul Ryan budget: “We wouldn’t have the capacity to enforce the laws that protect the air we breathe, the water we drink, or the food that we eat. Cuts to the FAA would likely result in more flight cancellations, delays and the complete elimination of air traffic control services in parts of the country. 

Continued

SOURCE: http://www.realclearpolitics.com

YOU KNOW MY GENERAL THOUGHTS ON GROUPON AND THEIR “ACCOUNTING” TROUBLES

 [email_link]

…others agreeing. Read this:

The daily-deals firm now has restated its financial results multiple times in less than a year, this latest instance coming just four months after Groupon first sold shares to the public.

This restatement came with a warning from auditors Ernst & Young about the company’s lax accounting processes — a warning that should come as no surprise to anyone who’s made a close reading of its financial statements…

Continued

SOURCE: http://www.marketwatch.com