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Travel Hell

tuscon

Travel Hell

Nice 12 hours to get from Florida to Tucson yesterday leaving us in no mood to write. We will have a full report over the weekend on this week’s nausea. Yesterday is what we call non-descript anyhow.

Have a great weekend…and don’t forget…we told you Kentucky could beat a few NBA teams.


To the day, the fed confirms what we said this morning right here.

ipo

To the day, the fed confirms what we said this morning right here.

Like clockwork. They refuse to let the market correct.

Source:http://www.ft.com/intl/cms/s/0/e76c5034-d3c7-11e4-a9d3-00144feab7de.html?ftcamp=published_links%2Frss%2Fworld%2Ffeed%2F%2Fproduct&siteedition=intl#axzz3VC0aWXt3


Get ready for QE4!

wicked-action

Get ready for QE4!

Not kidding! It has been our contention all along that the last thing Janet would do is raise rates and if the markets got in any trouble or the economy starts to slip, some sort of QE4 would be right around the corner.

Well…first off, the economy is slipping. We have always thought that an economy which had been lifted and interfered with on an orgy of 0% rates and printed money…is not a real economy. Same goes for the markets. In recent years, our central bank made it their job to interfere in ways we have never experienced. That is how you get bubbles and crashes. It is not just easy money any more. It is easy money on massive steroids…and now it is worldwide.

As far as the market, notwithstanding more central bank noise, it is now under severe pressure as “risk” is coming off very quickly. There are lots of top formations now being put in. Yes…we know we are just off the highs but one must remember, there has not been a decent correction in over 2 years and no real bear market since the 09 lows. Again, our central bank has done their best to prevent normal ebbs and flows in the economy and markets…thus bubbles and crashes.

As usual, we take things day by day and as we said during the October swoon, we suspect Janet and friends will speak up soon as they they always do when the market drops. We expect talk of “maybe we don’t need to raise rates so soon” or “if need be, we would have another round of QE!” Just remember that in October 2014, Japan and Europe, in a coordinated effort with the U.S., went on their own orgy of money printing…which turned the market back up. There is an agenda.

Lastly, We have been the loudest voice on the street telling everyone that the biggest non-bond market bubble was the BIOTECHS. We are now seeing articles written about this but most are missing the real bubble and that’s the fact the wonderful people at the investment banks have again foisted upon an unwary public a crapload of nothingness. What is nothingness? How about over 130 IPOs with NO SALES? We are talking about a good $100 billion buckos of NO SALES BIOTECHS. They are to blame but of course, the public is to blame also for scooping them up regardless of company or price. Greed is a strong emotion. Again, we don’t know when it ends. Maybe it is starting now. We just know based on precedent, it aint going to be pretty when the music stops. Value and valuation eventually matter.


In case you haven’t read this. This has been going on forever!

hillary-clinton

In case you haven’t read this. This has been going on forever!

Source: http://www.dailymail.co.uk/news/article-3010623/Report-criticizes-official-helped-Dems-visa-program.html


A dean at Cornell says what about ISIS?

rubble

A dean at Cornell says what about ISIS?

Source: http://nypost.com/2015/03/24/cornell-dean-says-isis-welcome-on-campus-in-undercover-video/


Quiet time!

stock_market

Quiet time!

We are almost running out of things to say…almost.

A quick glance shows the NYSE where is was 10 months ago…the TRANSPORTS where they were 6 months ago…the S&P 4 months ago…with the better action in the NASDAQ,NDX and for a change, the small caps. It just remains a very split tape with not much changing.

The media is finally coming around to our thoughts on BIOTECH! http://www.wsj.com/articles/biotechs-rally-fuels-bubble-fears-1427237279

We simply believe the 2nd biggest bubble is in this area. #1 is reserved for the rigged and manipulated bond markets around the globe. But even this article did not mention where the bubble is in biotech and that’s in the “no sales” IPOs that have come public and continue to come public. Any announcement sends these companies higher whether it is phase 1 trials. We do not think the music has stopped yet and may not stop for a while…but stay tuned.


Radio

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Radio

Investor's Edge: 03/27/2015

Investor’s Edge: 03/27/2015 Listen to todays show by clicking here.

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Radio

Investor's Edge: 03/26/2015

Investor’s Edge: 03/26/2015 Listen to todays show by clicking here.

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Radio

Investors Edge – 03/25/2015 Hour 1

Investors Edge – Hour 1 Listen to todays show by clicking here.

Television

Newsletter

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.

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