Stocks meandering, right . Government bonds are getting walloped as yields rocket to outer space. Here is the thing, wall street is loading up on bonds. The assumption is yields coming back to earth quickly. I dont know. Lance roberts will make the case buying bond over stocks. It is the wild west. Talking about the options market. Trading some has sparked late session selloffs. Paul schatz says it is happening and he will show us exactly why. American consumers are running out of money. What i glean from walmart earnings. Maybe they wont be able to pay back the Student Loans. We have two amazing guests. Speaking of outer space. I have a special shoutout to a 97yearold vet. Well share some of these hoop posts you put on twitter yesterday. All that and more in my takeaway. All that and more on making money. Charles all right, so as we wrap up earnings season the action in the market and the economy, you know, still have some people on the street clinging, not some, the majority of people on the street still clinging to a notion of a soft landing 65 in fact. There is a little secondguessing. Look what is coming on now, up to 9 are saying no landing. One of the big question marks, they would call it the fly in the pointment, these bond yields. They have gone parabolic. The 10year treasury yield at the highest level since december of 2007. The real yield which a lot of people really key off, that is highest since july of 2009. Meanwhile the stock market tracking perfectly, really perfectly. You see the way the market is tracking versus history coming out of bear markets, right . This is where the market is before and during bear markets. Right now you can see were tracking here near the dotted line. The dotted line is no recession. Stock market saying no recession. Bond yields are exploding. It is really, really nuts. There is a big debate going on. A lot of folks on the street are wondering what is exactly happening here and how long before we know the real answers . I want to bring in our first guest who actually likes bonds. Ri advisors, ceo lance roberts. Lance, so Larry Summers is saying 10year yields are going to average, this is nuts, right . 4. 75 for the coming decade, for the coming decade. I had jim grant on the show, were putting next 30, 40 years yields will go straight up. What do you think about this . You dont necessarily agree, do you . I dont. The reason i dont, really exactly what you will talk about later in the show. Look what wall said about consumers, talk about student loan payments coming up. Interest rates are a function of two things, Economic Growth and inflation. Thats it. If people cant keep up with the cost of inflation, just like we were hearing a minute ago with food costs being up 6 , if the wages are not rising enough, Economic Growth is going to slow, what is the fed trying to do . The reason the fed is hiking rates, bring down inflation. If the fed is focused bringing down inflation, Economic Growth will slow back to 2 , our historical average since the turn of the century, Interest Rates by their very nature are going toe fall. That is because of the amount of debt were currently carrying not just the government 32 trillion. Also tremendous amounts of debt for corporations not to mention households. Charles what about the factor, another factor he didnt mention, demand for these . Okay, so the Federal Reserve are letting them run off. In the minutes yesterday they suggested once they get to 2 they will keep letting that portfolio run off. China is not buying. We found out saudi arabia lowest number of u. S. Treasurys in seven years. I dont think japan is buying. If yields go up more they wont be buying. Auctionses are gone off, theyre not raising money theyre raising. Tlt, this were almost at a doublebottom. I want to get beyond the fundamental reasons you like this. Is there a technical point where you say okay, i am going to rethink this . The thing right now first of all if im a buyer of bonds i like where they are right now. Theyre extremely oversold on a technical basis and this is about where you will see a rebound in yields for one reason or the other thats going to happen. The question is longer term is, where do you start to rethink this . If youre going with the idea well maintain five, six, 7 of Economic Growth yes, you you hao rethink your view on Interest Rates. Again Interest Rates are a funk of the economy. Touch make the case how we have five, six, 7 of Economic Growth rates consistently and the Federal Reserve, well have no recession and if which have a recession the Federal Reserve will not step in as a buyer of bonds. This is the thing, the cbo just came out said hey well have to continue to hike debt well into 2053. The Federal Reserve will have to buy 30 of that debt to maintain Economic Growth. So there is your charles someone better tell jay powell, right now he is telling us he is not buying anything. I have a minute to go. Bonds versus stocks. You talk about the different risks with associated with bonds default rate, Economic Growth, i will talk about opportunity cost. Viewers on the show they have to make the decision, hold them for the next two years. What about stocks, the idea stocks could specifically outperform bonds would that be a lot of opportunity . Yeah that would be that is one of the fact the bond buyers have to factor in, is there better opportunity elsewhere. This is where you have to get at the market, market trading 32, 33 times earnings valuations are very high historically, real Interest Rates on the rise. So higher real Interest Rates, extremely low risk premium is not a great backdrop opportunitywise for continued Strong Equity growth rates over the next couple of years. So if im simply measuring stocks versus bonds, i own both, stocks and bonds. Im not saying pick one or the other. If im simply looking one versus the other, bonds provide a better return over the next 36 months versus stocks. Charles you know we do record this, right . You do know i will play this back at some point . Lance, thank you very much. We were talking about a bull market last year. Im still waiting for you to play that one back. Got it, my man. By the way coming up the space force is taking off. I have an owed with someone there at the beginning im talking nasa. Lets bring up this market, investors are obviously skiddish. Every day we start off green and we go to red and the spat of selloffs has a lot of people wondering whats going on. Goldman thinks they know what is going on. Theyre blaming zero day options. Theyre saying that is what is happening here. I want to bring in Heritage Capital president paul schatz. This is like, they also referred to this ubs study. I want to share with the audience first. I talked about this a lot over the last year, sort of a new phenomenon. These options expire in one day. They are 60 of all options activity out there. That blows my mind. Before we get to how they may be roiling this these markets. How did this happen, why did this happen . You know when these started . When the whole meme stock mania started in 2021. Each successive Product Launch increased appetite, more speculation and more potential blow up. Just investors saying i want more, i want more, but i want instant gratitude. Zero day options. Charles this is instant gratitude or instant disaster. That is epitome make or break one day. Charles i dont think it is just retail. There have to be institution. Individual investors in, hedge funds in this, and investors in mutual funds in a way to hedge a position if they know an order comes in. Charles this thing i dont know how it works. I dont know how it is hurting the market this is tuesdays session. Everyone knows we are starting high, gradually drift and crash. Explain how the zero dated options are causing this . Let me say this, any of the products, Program Trading in the 80s, leveraged mutual funds, leveraged etfs, remember armageddon in the xiv. 20 decline because of High Frequency trading. They all have the same character rics. The market has to be set up for a outcome. This wont happen if the market is set up. What happens if you were a seller of bacon or a seller of starbucks or youre a buyer, if youre a professional the public or the other person is taking one side. At the end of the day you have to figure out okay, whats my exposure. Charles right. You bought 1000 pigs today for whatever reason, youre the individual. Im the professional. I sold you a thousand pigs. Jeez, i dont have them. Tough square up my books. I have to make sure im even at the end of day. Dealers wait until the end the day, dealers, professional options traders and Market Makers and they square up their books. In this case if you have public on one side and it usually happens around some round number like 4450 or 4500. Charles right, right. It is called, they pin the strike. So the dealers, most of them are on the same side. Charles right. And they have to figure out, we have to either buy securities or sell them t all happens quickly. Charles when this all happens mostly at the expense of the individual. I dont have a lot of time left. It has been a long time since i saw you 10 months. Bear market over, bull market starts, 30 rally, are you still looking for 30 . We got the 30 for the october low. My thesis for the year were going up 15, 20 at a minimum. Outside shot at 30. This is perfect pullback. A singledigit pullback. I wrote about it a few weeks ago. We bottom into q3, rip into q4, new highs for 2023. Charles stay away from zero date things . There are not for me. Other folks can play them much better. Charles next time we talk about takeovers you. Got it. Charles the hoopties, i never knew you comisspell a slang. Some of some told me i spell i had wrong. The favorite hoopd stories. Check them out. Cells 500 moving average, not the end of the world, it could be the exact opposite. No one knows market history quite like paul hickey. He is next. Your record label is taking off. But so is your sound engineer. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. 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With jabra enhance select, you can get the same advanced Hearing Aid Technology and professional care you expect from a clinic at a fraction of the cost. For a limited time, get 300 off select hearing aid models. Visit jabraenhance. Com. Charles all right, folks i have been flooded with after that takeaway with millenials needing to skip to ubers and pick up a hoopty i never knew you could misspell a shrank word. You need a chief car. Tick 42 saying a i have a 65 that will be forever be a work in progress. Oh, man. But i love it. Jeff, says in i bought 1972 ford galaxy 500 for 300 boxes. It looked act said like this one. I wish i still had that beast. Keep those pictures coming, absolutely fantastic stuff. Well share more throughout the show for you as well. When you thought it was safe to peak at your 401 k again, market getting a little softer. Maybe an overdo bounce or summer doldrums. Want to find out what history suggests. No better to go to Bespoke InvestmentGroup Founder paul hick kay. Bespoke saying 12 decline first 12 trading days of august, made it the worst since 1983. Sounds ominous to me. Until i read the rest of it. Tell the audience what happens next. Last time we had one this poorly in august was 2011. We saw, 2 gain for the rest of the month 5 for the rest of the year. Last year we saw the complete opposite in first part of august. We saw the market rally 4 through august 16th. Then it tanked in the second half of august and tanked, finished the year 11 lower. We, in a lot of respect this is year has been the complete opposite of last year. Charles right. And august being another example, and for bulls youre hoping that the trend continues to play out. Charles okay. That is just one anecdotal piece of evidence but it has been a really horrible month so far. Just as case in point, breadth has been negative 11 days this month including today. The only other month with more negative breadth days this year was may. That was the entire month. Were only halfway through the month at this point. Charles it has been a little tough. Put it in proper context. The nasdaq 100 had best six months in history, first six months. Exactly. Charles a worry for someone like me, im a good chartist, not the worlds best, 50day moving average we know that is a key metric and a lot of times i see that vie lated i start to immediately look down for the 200day moving average. You posted a chart that really enlightened me. So you talk to any tex mission a break of 50day moving average is a on news signal. When you look back at the history of s p 500 forward returns when you have gotten more than 90 days above the 50day moving average, so an extended streak trading above like we saw in this current period, when you do break below finally it hasnt necessarily been a negative signal. Over the next three months the s p has average ad gain of 5 , over the next six months, 9 , over the next year 10 . All of those returns are well in advance of the historical average return for all three, six and 12 month periods. So the key here when youre in a strong uptrend and you break the 50day moving average youve already seen a partial correction or youre already into a correction at that point. Charles right. So, it is telling you whats already happened. I love that, great point. We always learn something. I got a minute to go. In this environment then, stock sectors that you like right now . So i mean, we always focus on companies that have been reporting triple plays and those are companies that are betterthanexpected earnings, better than expected revenues and better guidance. Weve seen a lot of those this earnings season. One in the industrial sector, ait, applied industrial technology, they trade about 16 times earnings, below market multiple, below its historical average multiple and its benefiting from Strong Demand from all the industries it serves as the company noted in its Conference Call. Charles right. Theyre also looking to benefit Going Forward from onshoring. They reported in their last seven Earnings Reports six triple plays. That is almost unheard of. You never see that. A company that has that good of an outlook Going Forward constantly raising the bar is a positive. One company that hasnt reported a triple play in a while is best buy. The stock trades at 12 times earnings though and yields 5 . In our monthly surveys of consumers weve seen plans to Purchase Consumer Electronics plummet from two thousand, start of 2021, through the last few months but it started to stablize in the last three to four months. It started ticking higher. So i think best buy has digested a lot of pull forward we saw in covid. Charles thank you so much. I like that idea. Getting ahead of the curve for sure. Paul, thank you very much, appreciate it. All right, thanks, charles, have a good one. Charles coming up some on the street shrugging off the amount of corporate debt out there but u. S. Bankruptcies are on the rise, stephanie pomboy, when it comes to this kind of research, no one does it better. She will break it down for us. First my next guest is here to say 1. 8 trillion, get this quote, it is a looming cloud of responsibility and it is coming toward the u. S. Fast. She is here to explain next. The biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . You cant buy great conversations or moments that matter, but you can invest in them. At t. Rowe price our strategic investing approach can help you build the future you imagine. T. Rowe price, invest with confidence. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. Ill always take care of you. Im gonna hold you forever. Be by your side. Ill be there. upbeat music awww. Awww. Awww. Nope. Constant Contact delivers the Marketing Tools your Small Business needs to keep up, excel, and grow. Constant contact. Helping the small stand tall. Charles all right, folks, the well is running dry. In fact the immortal words of rick ross we blowing money fast on this side. We know americans love to go out to spend cash especially free money. Here is the thing, were spending so much of it right now. After were done with it we keep maxing out of credit cards. I want you to take a look at this. This is dooredtoring the San Francisco fed. Remember we had 34 savings right. That is down to 1. 3 . The cash money, we spent 1. 9 trillion of it. There is only 200 billion left. That is absolutely nuts some firms are still sanguine about this. A lot of guests come own saying the consumer strong, bank of america is one of those firms. Look what theyre acknowledging here, wage growth is coming down for everyone, wage growth is coming down but Unemployment Rate is going up. What is really curious, look at what group wage growth slowed the most for, unemployment go up for the most, those that make over 125,000. Really, really weird there. Oddly, dovetails into todays walmart Earnings Report. I will tell you how. Remember last year they started talking about how rich people were buying at walmart. Even this year it was a big story. Rich folks keep buying at walmart. This mornings Earnings Report was kind of intriguing in the ses sense no one is spending on discretionary stuff. Theyre buying eggs, milk, stuff like that. Samestore sales were 6. 4 . Great, wall street was looking for 4 . In reality what it was composed of. Transactions went up at faster pace, 2. 9 versus 1. 3. When people are tight they go to the store more often and buy fewer things. Here is the thing, averageket up. 4 from 5. 5 . They are buying more things but cost a whole lot less. 6. 4 samestore sales is the lowest in the last five quarters and the strength was in grocery and wellness. Softness in general merchandise. So as we wrap up this earnings season in general well start to hear more and more about this. What dovetails into that . The student loan issue, right . Now book in june goldman says the student loan impact would be 0. 2 percentage points. A lot of it happening in september. I got a feeling though, that this is going to be a lot, the number will be a lot worse than that i know someone who knows a lot more about this than my. Well bring in, neely tomnnga. Your report, go to your twitter handle, get 27 pages on the student loan thing. I love the way you titled it, 1. 8 trillion looming cloud of responsibility coming back into repayment after nine delays. Here are the nine delays. Tell us the impact. How do you get to 1. 8 trillion . Well thats the total amount of Student Loan Debt of which, which is huge by the way. Its right up there. It is a huge category of debt overall. The new york fed writes about it all the time. They put out quarterly reports about it. It is not an insignificant tranche of debt but really its 1. 4 trillion thats federally dispersed and that is the amount that was largely in for bear rans. Even the department of education in their own words, in their own reports last year said only. 8 of their loans were in repayment. Which means, the rest of them were not. Jackie right. So this is a significant issue around the corner. Charles one thing in your report, one thing you posted who it will hit the most. Ages 20 to 39. What are the consequences of that, visavis the economy, visavis the stock market . You know, for the 20 to 30yearolds we think this is going to be a fairly new thing to repay Student Loans. We have people in their 20s who graduated who never had to pay a loan. So it might be a smaller amount overall but it is going to be significant as a new event to them because we will have been no forbearance more than 40 months by the time we go into repayment. So thats changing new patterns, new behaviors. On that 30 tom 39 demographic, what concerns us, charles, thats the group over the last four years that took on all the auto loans, they purchased the homes, they have opened up credit card accounts and thats where were starting to see the delinquencies before we even get to Student Loan Repayment. So thats the group were a little bit more concerned about. Charles i have got a minute to go, and to that point, i keep folks saying it will be a small hit. Mortgage delinquencies at an alltime low. Were seeing auto loans over 5 . We dont know what Student Loans will be. No one paid them back. What kind of impact should we be bracing for . Were estimating 60, 100 basis points impact to retail sales which is component of personal consumption expenditures. Thats the way we look at it but you know when target said on their Conference Call not too long ago, right, three times they called out Student Loan Repayment as a risk i think we all need to Pay Attention there could be a risk around the corner. Charles we need to Pay Attention and Everyone Needs to read your report. Fantastic as always, neely. Thank you so much. Thank you. I want to bring in macro mavens founder president , stephanie pomboy. As much as the media is fighting over the strength of the consumer they suggest Corporate America is bulletproof. One of the things they talk about, the corporate debt, maturation of their bonds right now they say it is not a whole lot. We dont have to worry about it until 2028, 2029. 2030, leverage high yield Investment Grade. You pointed out something that was intriguing, the yields on this stuff act like it is an emergency right now. Actually the numbers weve seen, we have almost 300 billion in debt that rolls between now and yearend and we have a trillion in corporate debt that rolls next year and another trillion the year after that. There is no relief in the pipeline and as you mentioned these Interest Rates that companies are facing as they have to roll this debt are double in many cases what they were paying prior. I mean when you think about it junk bond was yielding around 4 before the fed started raising rates. Its now 8. 6 . That is a massive increase obviously and you know, i will state the obvious here but it bears pointing out, higher rates affect no one until they have to pay them. Whats happening here until this wave of corporate debt comes due it appears like everythings fine and you get these articles that talk about how overblown these concerns were about the corporate sector. But give it a second. Charles yeah. The only thing more certain than debt and taxes is that rates lead delinquencies. When rates go up you just overlay that with a lag of 12 to 16 months of delinquencies you cant tell the lines apart and thats where we are. So i think weve got a lot more pain coming in the pipeline. Charles in the meantime speaking of pain you also point out and it is not getting enough press, bankruptcies 402, highest in this point than any year going back to 2010. I suspect you think this number will start to get even more parabolic . Yeah. I think it speak toes the difference today on the state of corporate Balance Sheets from what they were in, what they look like in 2007. You know in 2007, 8, the issue was the household sector. Today the real excesses i would argue are in corporate Balance Sheets. They have got twice as much debt as they did going into 20078 melt down. Much weaker quality, you think about the Investment Grade universe, more than half of that is one rung above junk. You have a huge swath of junk paper and leveraged loans and private credit, you have got almost 7 1 2 trillion doll of the 12 trillion of corporate debt extremely vulnerable to higher rates. Were at the beginning of it. People dismiss the bankruptcy thing as irrelevant. Look at numbers of people employed by these companies. Charles yeah. Read analysis that the Zombie Companies employ over two million people. Charles yeah. Yellow, the Trucking Industry that, Trucking Company that filed bankruptcy just last week employed 30,000 people just that one company. So this will have an impact on the consumer as well. It is not simply a corporate issue. Charles yeah. So we got a lot of hits coming down the road and student loan thing i guess is just icing on the cake for that. Charles you know, stephanie, i tell you, i always appreciate your work when it comes to this kind of stuff because youre always ahead of the curve, youve always been proven right. Im glad you came on to share this warning with us. Thank you very much. Thank you, charles. Good to see you. Charles all right, folks, it is held as one of the greatest acquisitions of all time. Im talking about disney taking over espn but they may actually have to sell it. Who would the buyer be . Wait until you hear about this . It is really amazing. Keep sending in the hoopty pictures. Cvpayne. I have a surprise for my next guest when he comes on, i will reunite him with his hoopty. I hope he doesnt find out about it. Well be right back. Dad, we got this. We got this. We got this. We got this. We got this. Yay we got this. We got this life is for living. We got this lets partner for all of it. Edward jones moving forward with node positive Breast Cancer is overwhelming. But i never just found my way; i made it. And did all i could to prevent recurrence. Verzenio reduces the risk of recurrence of hrpositive, her2negative, nodepositive, early Breast Cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. Hormone Therapy Works outside the cell. While verzenio works inside to help stop the growth of cancer cells. Diarrhea is common, may be severe, or cause dehydration or infection. At the first sign, call your doctor, start an antidiarrheal, and drink fluids. 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Im a big advocate of recommending things that i know work. Charles folks debate continues over the state of the economy and the Federal Reserve but kind of slicing through the word salad by the monetary Setting Organization the word something clear. Powell and company will keep hiking but how far will they go . I want to bring in kenny polcari. Kenny, youre still thinking modeling out 6 terminal rate . I do. Ive been saying it for a while you know that, right . I think thats where they want to go. I think half a dozen of or so the fed heads have been kind of intimating that for a while. Loretta mester, jimmy bullard, Neel Kashkari have been saying it for months. I saw in the fed minutes for me it reiterates the fact they want to take it. I think they are concerned about inflation turning up again. We saw a tiny bit of that in the ppi, next week we could get the pce that will capture more the energy move the cpi did not capture this month. To your point i think were going to 6 . Charles we sold off into the close yesterday after the minutes. Were selling off a little bit here today. Overall what does it mean for the broad market . Actually i think it is good. Weve been talking about, i thought it was way too stretched to the upside, that it needed to pull back. So i think that is what it is doing. I dont expect it to crash. I suspect if we hit nasdaq to maybe test nine or 10 , it is already down 6 from the highs three weeks ago. The s p down 4. 4 . If that tests like 7 or 8 . As you know those are well within the normal trading range, right . A 9. 9 move from the high is still considered normal t shakes the branch as little bit. The weak ones will fall out. That will be interesting because it will give longterm investors an opportunity to pick up some names that have gone on sale. Look what they have done to apple, down 12 since earnings came out. I love the fact apple is down 12 . Tesla is down. Look what tesla is done. Charles at the start of the year you gave me a company i never heard of a before called apte this c payments. Not long ago, three months ago you talked about it again. The stock is up 9 . Two things, whats going on and is it too late to buy it . No. I dont think it is too late to buy. First of all i dont think it is too late to buy. There has been a lot, if you look up there has been a lot of new partnerships hit the tape last four months see it out there in the public. I try to repost it when it comes out with broad net. They made the most recent Strategic Partnership with instar cash like a venmo or a zelle. Sending cash into brazil, mexico, brazilian banks, to send cash. It will be a challenger to western union. Certainly the other one venmo you cant do that. This is big trialed for them. Im excited about what that is going to be. That is in the works right now as theyre creating it. You can go to instar cash. Com sign up for it, so youre away when it is coming. People are curious about it, they can sign up and get updates. Charles repatriation to mexico that money is mindboggling. Yeah. Charles cant let you go without talking to you about this. Used to be a great tv series, this is your life. Ran from 1950 to 1987 have surprise for featured guest. People would come in, old Favorite School teacher, best friend, anything instrumental in their lives. Well do a version of with of you. Instead of bringing in a human well well reunite you on the screen with your first ride, keeping with the theme of todays show. My first hoopty. 1969 buick sky lark. Im trying to young viewers to skip the uber, get a hoopty. I wish the one i had looked like that. That is convertible. That is beautiful. Mine was a hard top. A little bit of a different you blue, but it was four door 1965 buick sky lark. I paid 500 bucks for it in 1977, when i got my license. I was six teen 1 2 years old. I was so proud of that car. It had a bench seat in the front it was broken. A woman owned the car was heavy woman. She broke the back of the seat. I used to have to put a twobyfour behind the seat to the back seat to hold me up so i could drive it. I thought it was the greatest car i ever had. I wish i had the car today. Charles that is the definition after hoopty. My man, thanks a lot. Talk to you real soon. Keep those pictures coming. Well share more with the viewers. Here is robs 1967 mercury cougar. Bought it in 1980 for 700 in cash. He regrets selling that car. Sean has a 1982 amc spirit, check the bad boy out. Colby credits her hoopty, acura tl, keeping her safe when she was hit by a drunk driver going in the wrong direction. That is beautiful. Hit my up on twitter, cvpayne. Special shoutout in my takeaway. Kenny talked about apple. Apple may make an offer for the mouse house. Maybe they need it definitely. I will ask Keith Fitzgerald he almost bought disney but changed his mind for a very specific reason. He is next. You ok, man . The internet is telling me a million different ways i should be trading. Look whats up my trade dogs . You should be listening to me. You want to be rich like me . You want to trust me on this one. [inaudible] wow yeah its time to take control of your investing education. Cut through the noise with bestinclass Education Resources that match your preferred style of learning. Learn your way. Not theirs. Td ameritrade. Where smart investors get smarter℠. jennifer the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. When i tell people how easy it was for me to lose weight on golo, they dont believe me. They dont believe i can eat real food and lose this much weight. The release supplement makes losing weight easy. Release sets you up for successful weight loss because it supports your blood sugar levels between meals so you arent hungry or fatigued. After i started taking release, the weight just started falling off. Since starting golo and taking release, ive gone from a size 12 to a 4. Before golo, i was hungry all the time and constantly thinking about food. After taking release, that stopped. With release, i didnt feel that hunger that comes with dieting. Which made the golo plan really easy to stick to. Since starting golo and release, i have dropped seven pant sizes and ive kept it off. Golo is real, our customers are real, and our Success Stories are real. Why not give it a try . Charles so my next guest you know him. He is always optimistics one of these rosecolored grasses guys. I was worried when he said there are flashes warning signs out there. Lets bring in Keith Fitzgerald. Youre saying 4400 right around here, 4400 is a very pivotal number, if we break through that it gets dicey. How lets do two scenarios. On downside if it breaks through, tell us after that what h where do you think it goes if it holds an bounces. Lets tackle this. Rosecolored glasses come with calculated risks. It is not blindly optimistic. We have to pick the right companies at the right time. If we look to 4400 we have to hold which we go to 3600, 3500, which ironically are support levels we set roughly a year ago. Charles, if we hold these things i think we run four, 5 higher into the 4700 range which i think is the for more probable cost. Charles that is a widespread. So the risk is significantly lower than the potential reward at this particular point . Yes. This is my favorite scenario because when everybody is putting money down in the corner of the room you want to walk over and pick it up to see what you can do with it. Charles lets talk about where you want to be in regardless of the overall market. You like nvidia. Everyone seems to like nvidia. You get nervous except theyre so unique as a company right now it is not hard to like them. Tesla has pulled back a little bit here and jpmorgan. Tesla, it does this it is volatile like that. Youre buying these right now . Yes i am, as a matter of fact within the last couple days i purchased more shares of each of those because again ive got a longerterm perspective, im willing to take the calculated risk, markets path of least resistance is still higher for the best companies. The rest of the companies will have a rough go of it, charles. Im not interested in those. I want best in class in every place i go because i want to make money if i can with every stock i own over time. Charles keith, i got a list here, the 10 greatest acquisitions of all time, all time. The greatest being, when google bought doubleclick. They paid three billion. They got almost 200 billion in return. What is interesting espn is on the list. Disney a huge return. Unfortunately they have mismanaged this there is a lot of scuttlebutt out there they may have to sell it. Apple may be a buyer. Two things, first, you were going to buy disney and you changed your mind on that. I want to find why you did that, what do you think, should apple go for it, should apple buy espn . It is interesting to me the reason i changed my mind on disney specifically because apple has a espn problem. Espn isnt a Sports Network anymore. That having been said, if apple can get espn in isolation, it might be really cool because apple desperately wants Worldwide Television rights. Theyre moving into sports. Think of what they can do with the vision pro. If they create a virtual courtside seat or virtual pitch match for world cup soccer. That would be so cool, a huge mover for apple and i would love to see the disney could suddenly not be in the streaming race but back to what they do best, visual branding. Charles google, doubleclick, we got facebook with google on there four times, these monster deals, i remember these monster deals used to send the market so much higher. Do you think we can get some of these deals any of them in the pipeline . I think we can, charles. The game has changed with high speed traders. Moving the needle will not happen anymore but overtime. You have to think about them differently. It is not instant gratification, plant your seeds, watch them agree, because they will grow big. Charles these used to be fun, come on monday you would be up 100 . Talk to you real soon. More of your hoopty pictures. One got it from his 16th birthday, unexpected, no exhaust, grease covered, brakes shot, 100 bucks. His brother told him get a job if you want to fix it. Great advice. Mary tweeting i think my kids truck qualifies. Built like a tank. That thing is really nice. Keith says look only at vintage cars right now im hooked on the style, design, simplicity of these. Look at that, that is really beautiful. Keep tweeting them. Love to have a lot of fun with this. Also a very special shoutout when we come back. A lets dig in day. Mm. 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Its going to analyze, what it does is analyze the potential targets, locates them, tracks these targets, and then they participate in target engagement which is a euphemism saying they go out and disrupt when they can, or theyll destroy them if they have to. Listen, i consider this huge. Everything is in the cloud, folks. Now, this was a Bold Decision. A few year wheres ago the media laughed, it was a Bold Decision to create this unit, and it actually continues a long and bold tradition of america and the United States going out and conquering space. And when i thought about that, it was great time for me to offer a very special shoutout. Now, many of you remember i was in las vegas speaking last week to a whole bunch of investors from all over the country, and one of them handed me this note. I want to read it. Charles, this request is for my 97yearold fatherinlaw. His name is don clegg. He is a Navy World War ii veteran, a retired Los Angeles City firefighter after serving 30 years. He was one of the first test subjects for nasa. Space suits, the apollo restaurants wore it, he actualle actually tested these things. He and i watch your show every day at his home in st. George, utah. I would appreciate it if you could do a surprise shoutout on your show to surprise him. If he is one of your biggest fans, and we both are investors. Weve been in the stock market for the last 40 years, i forgot to mention don and his wife nina were married for 69 years prior to her passing in december of 2014. Don has 8 grandchildren and 19 great great grandchildren. Thank you for all you do for individual investors. I love this kind of stuff. Don, thank you for your service. Really, really thank you. All right, folks, lets look at some more of these. So jack doodle tweeting, my high school hoopdie, wag gone. Ronnie says [laughter] all i could afford, the old 63 model. That is really, really cool, really nice stuff. Its a great thing the, its a great tradition, and i was being a little tongue in cheek yesterday, but real riskically its expensive out from the. Realistically. Home affordability is the worst its ever been. Ing rents are lu through the roof. I see uber and these young folks and getting out of ubers and complaining they dont have a future. Youve got a future. Get a hoopdie, im serious. Theyre not 400 anymore, but i can guarantee to you, what you probably are paying for maybe two or three months of ubers, you can cover it. The dreams and the memories, people just really remember it not because it got you from point a to point b, but it taught them grit. My friend Ashley Webster is in for liz claman. Ashley i agree. And congratulations to don as well, charles. What a remarkable life he has had, and hes even a fox business viewer as well. Even better. Charles, thank you very much, and congratulations to don. I am, indeed, Ashley Webster in for liz claman. The bears making themselves comfortable with the dow, s p and nasdaq on pace for a third down day in a row. You can see the dow now off 228, the nasdaq down 221 121, that is, right around session lows. The dow down