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Transcripts For CNBC Fast Money 20160930

Earlier this week, everybody was getting on me because i was goldiloc goldilocks, too happy and now all of a sudden im taking a beating. Lets just go through what happened today and why the market rallied. Its because Deutsche Bank possibly got some clarity on a reduction of the 14 billion fine. If it gets down to less than 5 billion, they have some clarity, might be able to raise some capital and you reverse some of the negative feedback loop. This is what i was saying earlier, you dont to be short Deutsche Bank because you know the government it going to try to do something. Thats one you dont want to short. The rest of it, if we can get through this European Bank issue, and there are still some issues out there, European Banks, quarter end, but theyre hoarding a lot of dollars, thats not a great sign. That could go away next week. So we do have some very big concerns out there with the European Banks. Here in the u. S. , i think youre okay. I mean, oil seems to be all right. Youre o

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