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Conventional wisdom has been if oil goes higher, its a good day for the market and if oil goes lower, sell, sell, sell. Its a bad one. So, it went down two bucks. Got hammered. We saw the urgency of that formula writ large today because we learned jpmorgan has 44 billion in oil and gas exposure. Thats 44 billion in oil and gas exposure. Kind of like making it the exxon of banking with hopefully exxons discipline. Oddly given the plumeting price of oil, only 15 million in loan loss reserves. Even though 19 billion is loan portfolios. Say firms with junk bond status. Boo. And 39 of it was made t...

Old smokestack. Let me set the scene. Conventional wisdom has been if oil goes higher, its a good day for the market and if oil goes lower, sell, sell, sell. Its a bad one. So, it went down two bucks. Got hammered. We saw the urgency of that formula writ large today because we learned jpmorgan has 44 billion in oil and gas exposure. Thats 44 billion in oil and gas exposure. Kind of like making it the exxon of banking with hopefully exxons discipline. Oddly given the plumeting price of oil, only 15 million in loan loss reserves. Even though 19 billion is loan portfolios. Say firms with junk bon...

Most of you are dry. were going to be low 30s today, which is very seasonal. this is nothing thats too, too cold. scattered snow, a bit more organized into the afternoon and evening. were going to get into that. but, first things first, lets take a look at whats happening on radar at this very moment. and theres not a whole lot. like i said, a few snowflakes in the air, maybe a flurry or two. there was scattered lake effect snow overnight while you were asleep. those of you may be waking up to a fresh coating on the driveway, sidewalks, watch out for some slick spots at the bus stop this morni...

The unanimous vote from the House Ethics Committee comes after they initially ordered harold to pay back in september of last year when he said no, one of them notified him of the meeting, the Ethics Committee then agreed to allow harold to present his case. The special prosecutor, on the case, said his guilty plea of six Campaign Violations two years ago was ultimately the key factor in this decision. On october 22, 2014 mr. Harold pled guilty to these offenses. They constituted personal misconduct. Therefore, the use of his Campaign Funds for the purpose of paying his lawyers would be disall...

Of oil, only 15 million in loan loss reserves. Even though 19 billion is loan portfolios. Say firms with junk bond status. Boo. And 39 of it was made to Exploration Production companies. The wos f the worst when it comes to who is paying anybody back. Jpmorgan said the Energy Company could cost them. Hey. 20 billion. But to me, having lived tlau low loss sickle i can only say give me a break. Im not buying it. Oil retreats hard here, they could double that number and i wouldnt believe it. Sorry. I didnt like anything about this discussion. Yeah, reported a little more than a month ago. Why did...