Gary Kaltbaum
Encyclopedia
Gary Kaltbaum is an American
investment advisor and author based in Orlando, Florida
and Scottsdale, Arizona
. He has a syndicated radio show, Investor's Edge and is a frequent financial commentator on Fox News, particularly on Neil Cavuto's
Your World with Neil Cavuto
. He has written a book, The Investor's Edge, and is currently working on a new title, No Help From Wall Street.
Gary has a track record of correctly identifying market trends, but is perhaps most famous for a series of warnings he gave suggesting financial moves that ultimately ended up sparing the money he manages the ravages of the late 2000s recession
. The warnings started in January 2007 when Gary spoke out about the condition of financial stocks
and ended in July 2008 with his disclosure that he was 100% in cash
due to an impending collapse of commodities
. Each time, he strongly advised his listeners to follow his lead. When originally made, these calls were considered by many mainstream financial experts to be all but laughable, but they eventually proved to be extremely prescient.
A self-styled "student" of the market, one of Gary's central tenets is that the stock market acts independently of outside influence or opinion, and in particular will not be swayed by actions of government
. He often refers to this as the market "speaking" and that successful traders will "listen to the market" when considering what positions to take in it. Gary is known for his forceful (and purposefully repetitious) manner, characterized by a heavy Northeastern
accent. Gary is an outspoken opponent of the buy and hold
school of investing, instead insisting that losses greater than 8% should never be tolerated. He strongly believes that market turns, both negative and positive, have definitive signs that can be identified and exploited. He frequently cites Stan Weinstein and William O'Neil
as influential to his points of view.
Gary also pointedly denounces what he refers to as "financial charlatans," leading among them (but by no means alone) Jim Cramer, who he faults for being inappropriately bearish and wrongly calling the bottom
of the market during much of 2007 and 2008.
Gary's radio show is scattered with audio samples (a sample from Animal House, "zero point zero" is often used when the market underperforms on the day) that provide a humorous tone to the program. The show is not strictly limited to financial discourse. He frequently weighs in with his opinions on politics, especially with regard to how decisions made by politicians will affect the economy. Another favorite subject is sports. He is a fan of baseball
, football
and basketball
, often talking about his favorite teams, the Mets
, Giants
and Knicks
(while occasionally tipping his hat to his adopted hometown teams in Orlando and Phoenix), as well as how he is currently performing in various fantasy leagues.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
investment advisor and author based in Orlando, Florida
Orlando, Florida
Orlando is a city in the central region of the U.S. state of Florida. It is the county seat of Orange County, and the center of the Greater Orlando metropolitan area. According to the 2010 US Census, the city had a population of 238,300, making Orlando the 79th largest city in the United States...
and Scottsdale, Arizona
Scottsdale, Arizona
Scottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
. He has a syndicated radio show, Investor's Edge and is a frequent financial commentator on Fox News, particularly on Neil Cavuto's
Neil Cavuto
Neil Patrick Cavuto is an American television anchor and commentator on the Fox Business Network and host of three television programs, Your World with Neil Cavuto and Cavuto on Business, both on the Fox News Channel and Cavuto on sister channel Fox Business Network.Cavuto also tapes a nightly...
Your World with Neil Cavuto
Your World with Neil Cavuto
Your World with Neil Cavuto , which debuted as the Cavuto Business Report on the network's launch in 1996, is an American business television program appearing on Fox News Channel.-About the program:...
. He has written a book, The Investor's Edge, and is currently working on a new title, No Help From Wall Street.
Gary has a track record of correctly identifying market trends, but is perhaps most famous for a series of warnings he gave suggesting financial moves that ultimately ended up sparing the money he manages the ravages of the late 2000s recession
Late 2000s recession
The late-2000s recession, sometimes referred to as the Great Recession or Lesser Depression or Long Recession, is a severe ongoing global economic problem that began in December 2007 and took a particularly sharp downward turn in September 2008. The Great Recession has affected the entire world...
. The warnings started in January 2007 when Gary spoke out about the condition of financial stocks
Financial market participants
There are two basic financial market participant categories, Investor vs. Speculator and Institutional vs. Retail. Action in financial markets by central banks is usually regarded as intervention rather than participation.-Supply Side vs...
and ended in July 2008 with his disclosure that he was 100% in cash
Cash
In common language cash refers to money in the physical form of currency, such as banknotes and coins.In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately...
due to an impending collapse of commodities
Commodity markets
Commodity markets are markets where raw or primary products are exchanged. These raw commodities are traded on regulated commodities exchanges, in which they are bought and sold in standardized contracts....
. Each time, he strongly advised his listeners to follow his lead. When originally made, these calls were considered by many mainstream financial experts to be all but laughable, but they eventually proved to be extremely prescient.
A self-styled "student" of the market, one of Gary's central tenets is that the stock market acts independently of outside influence or opinion, and in particular will not be swayed by actions of government
Government
Government refers to the legislators, administrators, and arbitrators in the administrative bureaucracy who control a state at a given time, and to the system of government by which they are organized...
. He often refers to this as the market "speaking" and that successful traders will "listen to the market" when considering what positions to take in it. Gary is known for his forceful (and purposefully repetitious) manner, characterized by a heavy Northeastern
Northeastern United States
The Northeastern United States is a region of the United States as defined by the United States Census Bureau.-Composition:The region comprises nine states: the New England states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont; and the Mid-Atlantic states of New...
accent. Gary is an outspoken opponent of the buy and hold
Buy and hold
Buy and hold is a long-term investment strategy based on the view that in the long run financial markets give a good rate of return despite periods of volatility or decline. This viewpoint also holds that short-term market timing, i.e...
school of investing, instead insisting that losses greater than 8% should never be tolerated. He strongly believes that market turns, both negative and positive, have definitive signs that can be identified and exploited. He frequently cites Stan Weinstein and William O'Neil
William O'Neil
William J. O'Neil is an American entrepreneur, stockbroker and writer, who founded the business newspaper Investor's Business Daily and the stock brokerage firm William O'Neil + Co. Inc...
as influential to his points of view.
Gary also pointedly denounces what he refers to as "financial charlatans," leading among them (but by no means alone) Jim Cramer, who he faults for being inappropriately bearish and wrongly calling the bottom
Speculation
In finance, speculation is a financial action that does not promise safety of the initial investment along with the return on the principal sum...
of the market during much of 2007 and 2008.
Gary's radio show is scattered with audio samples (a sample from Animal House, "zero point zero" is often used when the market underperforms on the day) that provide a humorous tone to the program. The show is not strictly limited to financial discourse. He frequently weighs in with his opinions on politics, especially with regard to how decisions made by politicians will affect the economy. Another favorite subject is sports. He is a fan of baseball
Baseball
Baseball is a bat-and-ball sport played between two teams of nine players each. The aim is to score runs by hitting a thrown ball with a bat and touching a series of four bases arranged at the corners of a ninety-foot diamond...
, football
American football
American football is a sport played between two teams of eleven with the objective of scoring points by advancing the ball into the opposing team's end zone. Known in the United States simply as football, it may also be referred to informally as gridiron football. The ball can be advanced by...
and basketball
Basketball
Basketball is a team sport in which two teams of five players try to score points by throwing or "shooting" a ball through the top of a basketball hoop while following a set of rules...
, often talking about his favorite teams, the Mets
New York Mets
The New York Mets are a professional baseball team based in the borough of Queens in New York City, New York. They belong to Major League Baseball's National League East Division. One of baseball's first expansion teams, the Mets were founded in 1962 to replace New York's departed National League...
, Giants
New York Giants
The New York Giants are a professional American football team based in East Rutherford, New Jersey, representing the New York City metropolitan area. The Giants are currently members of the Eastern Division of the National Football Conference in the National Football League...
and Knicks
New York Knicks
The New York Knickerbockers, prominently known as the Knicks, are a professional basketball team based in New York City. They are part of the Atlantic Division of the Eastern Conference in the National Basketball Association...
(while occasionally tipping his hat to his adopted hometown teams in Orlando and Phoenix), as well as how he is currently performing in various fantasy leagues.