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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...

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...

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 to Exploration Production companies. The wos f the worst when it comes to who is paying anybody back. Jpmorgan said the E...

Tom is in washington, d. C. Tom it came out widely as expected. There were some nuance francine through the night. It was fascinating to watch the political derby at about 10 00 last night, maybe 10 30, particularly the tension among rubio of florida on the republican side. Lets go to some of those results. I think we know seven states in seven states for donald trump and Hillary Clinton the opening frontrunners but then it gets a lot more interesting. Well get to the secretary in a moment. For mr. Trump it is simple. Mr. Cruz of texas wins throw states. Really quite a speech from him and mr. ...

Season. Mark heard from the team. To said least. How many times can you go to a game and pretty much know that 90 , youre going to see major history and even casual fans are wrapped up. Kobe bryant is retiring after 20 years of the lakers and he has been bumped in his last game to espn 2 because you know who is number 1 . The golden state warriors. Take a look at this video. Take a look at the practice today. Pretty much standing room only. Speaking of standing room only, reports today that its going to cost you 1500 for standing room ticket for tomorrows game. Courtside seats have been said t...