she thought she had died because of the catcher hedger cannabinoid o. we are better at this.it is american ingenuity. just like what was his name in breaking that. walter white. the great walter white was very good at it. so we are good at it making more and more powerful strains. that is starting to show up in the visits to pediatrics, psychiatrists in denver and so on. the clinical people will tell you now with the body count is and how it's grown. >> host: push back a little bit on that. jake's on his obviously not a huge fan of this boat here gives a libertarian. i agree with him on some things, but he makes the point that a comparison of a glass of to a classified code misses the fact that very few people drink a glass of vodka. we can recognize the difference in potency of hard liquor and beer. both will happen and i'm playing a little bit of devil's advocate here. presumably what will happen is enough people die or bad things happen and the lesson is learned. the more potent stuff you have to treat differently than the less potent stuff. it seems to me that is the less

when you're a hedger trying to hedge that exposure, judge, you can't get ahead of it.hat thing gets ahead of you every day and when that's happening, that's why these guys have to hedge so aggressively and it becomes, you know, that it tumbling process, that snowball you've seen in if you add to that and look at what josh said also the reason that the small caps are doing well is they're not income substitution plays. these large caps that you mentioned a lot of money had gone in because there were substitutions for bonds. >> right. >> so you get combination of high yields and all the multinational exposure first thing money comes out of, the multiple of some of these stocks mcdonald's is higher. a couple of the others you mentioned coke. they're not growing and going to get hurt by foreign currency. >> i want to make the point and steve kind of has hit this over the last few fed meetings, what we're witnessing is the market getting accustomed to new language whether ready or not is not the point. the point is that the fed has been incredibly transparent, there haven't

as we get closer to that event speculators and hedgers will come in and push the price higher.d about that , i would want to be looking for protection now. >> looking for protection now. let's get to your trade on adobe. such report earnings on march 17. it tends to rally, in six of the last eight quarters. will we expect the same going forward? >> i think we will expect a move higher. it moves a lot on earnings day. this time around, the options market is targeting just above $81. i can look for a call spread out to next week's expiration for fix $.60. i'm getting a bit more aggressive because the move they are implying is a bit cheaper than that 7% average. i can better than triple my money if i'm right here. >> give me an overview of the market because we are still getting troops and drabs of earnings -- drips and drabs of earnings. >> we are technically driven right now at the tail end of earnings season. we start up again without color in april and then get into another full swing. until then, we are in a no man's land. >> talking about a no man's land. thank you so much.

fx traders, speculators and hedgers are looking at the dollar.rose some pretty tight data. cost-of-living popped higher. home sales at a seven-year high and the dollar traveled higher. it got swagger back since the fed will tighten. that's what the dollar market was telling yesterday. today you will get durable goods. have a hop on to bloomberg.com or go to my twitter account and you can see the goldman's report. goldman says the jobs was the fastest, above 200,012 month in a row and the jobs growth is running too far too fast. it will have to slow down to catch up with the other data they say. so you can call that virtually in different at this stage. that translates a cross into the euro is fairly flat. they cannot get through 110. today is the sentiment index in germany. the european central bank putting the squeeze on greek banks and some people would say as gabriel from oxford just discussed it is the germans trying to push the greeks into doing the deal that they want and the german and greek banks have been banned from buying anymore t bil