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If you are having a crappy day…

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If you are having a crappy day…

Watch this video of Neil Cavuto talking about and interviewing one hell of a courageous woman!

SOURCE: http://www.mediabistro.com/tvnewser/neil-cavutos-tribute-to-producer-who-died-of-cancer-you-left-us-speechless_b249313


Holy s–t!

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Holy s–t!

We have studied every bull and bear market since the stone age. We have seen most everything. But we have never experienced the printing of trillions while rates stay at 0% forever. Leave no doubt about the firepower the Fed continues to have. Every time one thinks their firepower is diminished, it shows up again…and this time…a 700 Dow point frenzy off of important moving averages. We expected a move into the end of year…but 700 points should happen over a 3 month period…not 2 days. It just tells you how much hot money and itchy fingers are out there.

Enjoy the weekend. Need a nap. Oh yeah…my Knicks are now 5-23.


Fed + end of year = rally time!

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Fed + end of year = rally time!

Leave no doubt, the end of the year combined with a Fed that will never ever ever raise rates…and we get juiced off support for many major indices at the all-important 50 day average.

Massive sell mode has again turned into massive buy mode as the Fed teases raising of rates but never does. We were amazed to read a headline saying Fed sets the stage for rate hikes! Where? When? Ain’t happening. And due to the fact that the markets adore easy money, another ugly sell-off negated and negated easily. Add in the report this morning that the ECB is guaranteed to print in the trillions in January and the Swiss showing negative rates…and we continue to get an all-in.

We would love to give you a tutorial on how to play massive sell-offs…which abort immediately and turn back up but we haven’t found that manual yet. Just realize the same areas we have been bearish on for months…remain bearish…notwithstanding their massively oversold condition which are now leading to their oversold rallies.


Yup…here is your hope and change!

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Yup…here is your hope and change!

Just another cronyistic politician!

SOURCE: http://www.nytimes.com/2014/12/17/world/americas/ecuador-isaias-obama-campaign-robert-menendez-hillary-clinton.html?_r=0


More yuck!

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More yuck!

Less is better!

Markets remain under distribution. Rallies are sold off on an intraday basis. The NDX was really weak on Monday. Breakouts have been failing like the NY Knicks basketball team. Loads of external negative news from around the globe. A crash in energy prices is now being seen as more negative than positive as many currencies around the globe are being wrecked. The Ruble will soon need the paddles.

There is not much to do right now except to manage positions and wait for the market to turn. One would think with extreme oversold conditions, a holiday rally/bounce will ensue. But so far…nothing doing.


Heartwarming story of the day!

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Heartwarming story of the day!

SOURCE: http://www.theblaze.com/stories/2014/12/16/the-amazing-thing-a-group-of-dads-did-for-their-schools-crossing-guard-after-he-fell-on-hard-times/


Radio

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Radio

Investors Edge – 12/19/2014 Hour 1

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

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Radio

Investors Edge – 12/18/2014 Hour 1

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

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Radio

Investors Edge – 12/17/2014 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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