12/16/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

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https://archives.warpradio.com/btr/InvestorsEdge/121618.mp3

JUST LETTING YOU KNOW…

9 trading days left in the year.

In the past few months, I made a point of telling you that we’re entering a very tough period for the market…and that’s what we got.

I said it based on how many areas of the market that had topped out–combined with policy, Europe, deficits, margins, lack of expansion. A nauseating nine months.

And nauseating doesn’t mean the market has to be down 50%. It means some financials are down 40% to 50%, commodities 25% to 30%, foreign markets anywhere from 15% to 30%…and a lot stocks beaten up, a lot of past growth leaders destroyed. No leadership whatsoever. Can’t make any money on your savings as the moronic, maniacal Fed has rates at zero.

So what do we do during this time.

Patience. Patience.

If there’s any one thing I’m happy about, it’s the patience I’ve had. And it was caused by a) the markets and b) trying to do a couple things that just didn’t work. When things don’t work, you have to patient.

While so many will discouraged and upset…and tend to walk away….

THERE IS NO BETTER TIME IN THE MARKETS THAN WHAT WE ARE SEEING RIGHT NOW.

…Here’s why:

Bears markets always end. And what they do is spawn new bull phases with names you have never heard of that go on to two-, four-, five-….ten-fold moves. So I’m still hard at work and I will continue to be work hard at it….and wait until…

…A lot of leadership shows up. And its not  there yet.

…And I’m looking for new names. Can’t find any yet.

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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.