KALTBAUM SOUNDING OFF ON RUSH AND BUBBLES

GARY KALTBAUM TALKS RUSH AND BUBBLES ON TODAY’S RADIO SHOW

It’s a good day. Rush is going to do 12 dates next summer. They stopped touring when Neil Peart, one of the great drummers of all time and the writer of many songs passed away. We are so stoked.

Bubbles. One of the great hedge fund managers of all time, Paul Tudor Jones stated today he thought that we are in the midst of a 1999 move that will end with a blow-off top. Let’s see.

We now count over $100 billion in NO SALES market cap in drones, nuclear, quantum and robo-taxis. Actually, we stopped counting at $100 billion. Just how many of these companies are out there? Again…no sales. There is a simple rule on no sales companies. They can skyrocket to levels unimaginable in a friendly market but when the market turns bearish and the music stops, if nothing changes and there is still no sales…look out.

We found one company that has been public in the nuclear space since 2001 and still has no sales. 24 years as a stock with no sales. Guess what the stock has been doing.

AI announcements are non-stop. Companies one would think AI is meaningless to…are rallying just on a mention.

One company with less than $4 billion of sales is trading at a $425 billion market cap and is called cheap. By the way, the stock has been strong.

A bunch of money losing crypto mining companies are now hitting some vertical moves. Just how many of these companies are out there?

We found some very speculative stocks out of Asia go up 10 fold only to drop 90% in a day…in a day.

Vendor financing. Go look it up.

And just today, a man that was put in jail for financial crimes posts a no sales biotech he likes and the stock goes from $8 to $130 today with a few stops of the stock during the day. Not a typo.

We have heard everything else how the Buffett indicator is the most expensive ever. We have heard valuations in the many reaching 1999 levels. We are hearing a lot of this.

It’s very simple. Until it ends, it doesn’t. Duh! Just know there are quite a few ingredients brewing. If we start to see charts that look like the space needle (check out QCOM 1999), we’ll know we are close. But right now, our call of the confirmation day on April 24 has not had the big indices amazingly not drop below the 50 day moving average once and only one day below the stronger 21 day moving average. On top of that, the Russell has moved above range but as always, needs to stick. It doesn’t hurt that we are closing in on 200 rate cuts by central banks around the globe on top of massive government, debt laden spending. Markets love easy money and massive government spending.

We have spent many hundreds of hours studying the lead up to 1999 and the end into March 2000. No guarantees but we think we will be ready. Do not ignore us when we give the signals IF they occur. But for now, like the Eveready battery…still going and going and we never argue with the market.

Watch the banks and watch the semis where some have gone vertical off of AI Capex promises. As long as they remain in good stead…