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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (18108)	4/11/2016 1:16:23 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Bob, I agree with you $60 is a stretch John Brynjolfsson commented on Bloomberg that the on land crude storage facilities are full.... however the past several weeks the crude has been stored on numerous tankers at sea, his thought that it has lead to a head fake in the crude output/consumption picture. Armored Wolf Family Holdings CIO John Brynjolfsson discusses his outlook for corporate profits and central banks monetary policies. He speaks on "Bloomberg Markets."(Source: Bloomberg) bloomberg.com Paul Murphy CEO of Cadence Bank in Houston was on Bloomberg he pointed out that the Big 4 US Banks have only 2 - 3% of their loan portfolio in energy company loans and so even WFC with a potential 45% loss in a worst case scenario will not see it material to their earnings at all. The other 3 BAC, JPM and C have lower loss % again on a typical 2% energy exposure. the regional banks have more stress.... They could see 5 to 7.5% in E & P burn down numbers by independent 3rd party analysts and 10 to 15% over all numbers over the cycle of the next 3 years. These are all manageable numbers which means that no serious damage to the banks. JP