Alexandria Ocasio-Cortez!”
By Gary Kaltbaum- June 19, 2018
When I saw Tom Perez, the head of the DNC say that Alexandria Ocasio-Cortez was the future of the Democratic party, my only thought was HUH?
I have never understood the template of an economic system that has to this day, has only blatant evidence of failure leaving nothing but disaster in its wake. Just 2700 miles southeast of the U.S. is that bastion of socialism called Venezuela that has been all but destroyed by two scumbags names Chavez and Maduro. On top of that, I have never understood some of the absolute illogical beliefs that pervade these people….in plain sight, with all evidence to the contrary of their beliefs.
Their hate of Israel and the Jewish state. 
What is with their hate of Israel? Ms Cortez just goes to the default setting of Israel is bad. This is the country she chooses to pick on. Well, I guess she got the memo. Let’s not rip Syria and Assad who simply murders his own people. An animal who gasses his own people including women and children. Nah…Israel is the bad guy. Let’s not rip North korea and that wonderful human being that murders his own family and has all but destroyed his economy. Nah…Israel is the bad guy. How about Nigeria and Boko Haram? Nah! How about the new dude running Cuba. Nah! Maduro in Venezuela. I guess 47,000% inflation is just fine. Ever hear of Sudan, Libya, Iran? But it is Israel that is the bad guy. This dolt has never been to Israel but pisses all over Israel. I have been to Israel. It is the miracle in the Middle East, a sliver of land that has become one of the great democracies of this world. In case she does not know, it is a place where Jews, Muslims, Christians, all religions, race, creed and color, all people live side by side, working together, playing together. In case she does not know, Israel is a place where you travel the highways and you see buildings with every major corporation’s name proudly affixed to the top of the buildings. It is a place that when I was there, no less than 15 times, we had to react to sirens because missiles were being lobbed into Israel. One time, the Iron Dome took out a missile right over our heads when we are in a market in Tel Aviv. But Israel is the bad guy?
It is socialism…not democratic socialism.
I have always tried to peg the day when “global warming” became “climate change!” What day did the global warming alarmists change their moniker to climate change? You see, it is all about marketing. When they realized that not every year had warmed, they needed to change the name…so come up with a name where they are never wrong…”climate change.” Cold…it’s climate change. Warm…it’s climate change. Rain…it’s climate change. Drought…it’s climate change. Hurricanes…it’s climate change. No hurricanes…it’s climate change. So what do you do? You take a poll on the name “socialism” and realize there is a problem. So just put the word “democratic” before “socialism” and all’s well. I have news for you…socialism is socialism.  
Socialists only with your money.
Remember, they are only socialists with your money. They are capitalists with their own money. Bernie Sanders is now making 7 figures and owns multiple homes. Not seeing much complaining from him on this. Once the socialists get the taste of money, they change their tune quickly.
Socialism cannot even turn on the lights without the money from capitalism.
Socialism only lives because of capitalism. Think about this. Try starting socialism out of thin air.  Where is that first dollar coming from? You guessed it…no where. Socialism creates nothing! It creates no wealth, creates no jobs. It only lives because of the money created by capitalism. It only breathes by siphoning off the tax dollars from the unwary, hard working people in order to further control more and more of the economy and the people’s lives. The problem is when capitalism is overtaken by socialism, you get Venezuela of 3 years ago. When capitalism is completely gone, you have the Venezuela of today…a monumental s—hole!
Go ahead…occupy the airports!
Sure, take a few thousand of your voters, head over to JFK and shut down the airport. Don’t worry about what that would do to travel not only here but around the globe. Go ahead. I dare you. I double dare you.
In just one interview, we have already found this woman does not have a clue. She just fills the template that has been given to her. To be clear, I applaud anyone who decides to commit themselves to public service but I cannot applaud utter moronic, illogical stupidity.
Socialism is only about people who have mostly lived off the dole all their life, convincing others that it is they  that should control more and more of their lives. It is they who try to convince others that without them, your lot in life will be worse. It is they that convinces others that so many things should be free when nothing is ever free. It is they that I wouldn’t even let run a lemonade stand, let alone vote on the future of this country…when every template they follow has been nothing more than a massive failure.
Future of the party? I dare you. I double dare you.


Lots of jello moving on the plate during earnings season.

Yesterday, nice breakaway moves in ASML, CSX, GWW, NTRS….BRKB moved on potential to buy back stock.

This morning…DHR good reaction but:

Gapping down this morning:


Futures down this morning but no biggie.

From yesterday…great move in TRANSPORTS…an area that has been lagging. Still only in range but UNP will not help this morning.

And GOLD/SILVER continue the dive as the DOLLAR continues to strengthen.


Futures flat.

ASML up $8 even though earnings down.

CSX up $2.

MS up $1.50.

Another beta day yesterday.

NFLX the big gap down was bought and finished above the 50 day. Telling!

Even bitcoin waking out of its slumber.





A few things stick out:

FINANCIALS finally showed some serious accumulation yesterday. Whether or not they can continue to move is another story but it is a good start for this important area. It is noteworthy that JPM and C both acted poorly Friday off of their earnings but moved nicely yesterday. We are asked about reasons…one could look at higher long rates but think market buying “value!” Most of these big names are just in long trading ranges.

NFLX coughs one up…gapping down below the 50 day. Thus one of our important rules…know when companies are reporting. Not only did they miss but they also lowered guidance. Earnings and sales were still up strong. We have no clue how the stock handles the gap.

UNH is down almost $5 this morning. We mention it because it has been one of the stronger DOW stocks.

A ton more earnings to come out in the next few weeks. Stay tuned.


All the talk today will be Trump/Putin. In case you did not know, Russia is an economic shrimp compared to us. In fact, Texas has a larger economy than Russia even though Russia has 5x the people. Their GDP is just 8% of the U.S. GDP even though they have about 35-40% of the people the U.S. has. Male life expectancy is 13 years shorter than everywhere else. They are dependent on oil/gas/arms. If I was prez, not sure I would even meet with Putin.

Futures flat for a change.

We will highlight each day the strong reactions to earnings.

JBHT up $5 pre market. BAC hardly moving.

NFLX after the close. NFLX received another downgrade this morning after the downgrade Friday.


Before open:


After close: