If you are making big bets on banks, then here's three key factors to hone on according to Reuters journalists.
Me I'm focusing on net interest margin this is what they called him and this is essentially -- banks make by -- by taking you know -- Bahrain had a very low rates and investing in things heal more or lending money that -- -- more for. What we've been seen as a compression of this they're making lastly this is thank you very much of the Federal Reserve. Is this earnings season is cost cutting age Americans a big issue there trying to you eliminate eight billion in annual expenses. By the middle of 2015. Which includes cutting 30000 jobs are also trying to reduce expenses and their mortgage servicing union. We're looking very intently at day trading revenues especially fixed income trading revenues. There -- a lot of customers this quarter because we had that same. And there's a lot of tax motivated trading at -- the end of the quarter plus fiscal cliff maneuvering my gut sense is that this is probably a little worse than usual when. When when you know you kind of weigh everything against against everything else.