09/05/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

Byaaronmat-admin

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https://archives.warpradio.com/btr/InvestorsEdge/090518.mp3

JUST LETTING YOU KNOW

Now guess what we’re waiting on? Last week in Jackson Hole, Wyoming the Fed was going to be announcing the printing of money and they kinda said, they’re going to print money, but they’re not sure when. So they left you hanging.

So next week, there is a Fed and meeting and supposedly, they’re going to print money – I don’t know.

All I can tell you is that we’re held hostage by one man and his minions and it nauseates the heck of out me. I don’t know how we got to a point where one man – not the president – has so many controls and so many levers at this hands.

I don’t know where it says in the constitution “Let’s print money.”

I don’t know where in the constitution it says, “Let’s run $16 trillion in deficits.”

I don’t know. Hopefully, I’m the nutcase and everything just turns out a-ok.

Transports

The Transports continue to act very poorly vs. the rest of the markets. I don’t ascribe to the Dow Theory, but that being said the Transports continue to act pitifully. The Rails, which were kinda a-ok, are starting to get in trouble here. The strongest name in the rails, Union Pacific, broke below the 50-Day moving average today and a little extra volume. I’m not sure that’s good news. Norfolk Southern has completely broken down. CSX has completely broken down. I believe Kansas City Southern is still hanging in there.

A lot of the airlines are not acting too well, while they had a better day today. So I’m just letting you know that it’s something I’m keeping in my file manager even though I don’t follow the Dow Theory. While all the major indices actually have some decent patterns here, the Transports have had no bid whatsoever.

So for me, I’m just staying out of the Transports. That’s all. And if it affects the rest of the market, well know.

Keep in Mind

  • It’s September, which arguably is not the very best month.
  • We’re in an election year.
  • You have the Fed next week. Beats the heck out of me what those dufases are doing to do. Time will tell. I long for the day when the markets stops reacting to anything they say. The way, they’ll shut up and stop doing things.
  • Also, the European Central Bank people look like they read the book called, “Bernankeitis because they’re following his footsteps. They’re going to print unlimited amounts of Euros to buy their bonds over there.

So there’s lots of things going on. But regardless of the market, we go underneath the surface to find out what’s doing, what’s not, and try to keep you away from the pitfalls – and try to guide you to what’s doing well.

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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.