11/21/2011: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST

Byaaronmat-admin

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https://archives.warpradio.com/btr/InvestorsEdge/112118.mp3

JUST LETTING YOU KNOW…

  • On November 9th…we had a massive distribution day of selling.
  • We had big moves down…a rally up on lighter volume…a big move down on heavier volume…and then a couple days rallying up on lighter volume.
  • We continued to see some of leading growth names of the prior bull market that were starting to get in trouble.
  • I reported to you that the financials started to crap out AGAIN.
  • I reported to you a triangle pattern in the market and that we were within  day or two of the market showing its hand. I didn’t know if it was going to be up or down.
  • Wednesday, the market decided to show it’s hand…Thursday, doubly so.
  • I told you about the potential top in the Semiconductors, which lead both up and down….about the ugly action in the Amazons and the Apples and the big growth names of the world.
  • The fact that the Commodities looked topped.
  • World markets getting worse.
  • Which led to today, which was another gross day for the most part.
  • You can take that seasonality and throw it out the window for this second…So just be careful.

 

…I get a lot of emails asking whether this is the the resumption of the bear market that started in May…?

 

…I would say odds favor and that this does not look like a normal pullback…

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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.