very very big banks mike blackrock and how many of you all have heard about black rock so thank you for those of you who know about blackrock's big problem the rest of you look up blackrock's big problem. and you'll know that they are the biggest. investor in climate destruction whether it be agribusiness for fossil fuel. and speaking of fossil fuel. these are the fossil fuel reserves in the amazon. you may have heard about chevron in ecuador occidental petroleum into watcher tory or northern peruvian amazon. that's in the western amazon dot in the most bio diverse part of the amazon an area that we call the sacred headwaters region. it is the most bio diverse culturally diverse part of the amazon. and it's in the western amazon and these are the fossil fuel reserves across the amazon dot these companies and governments would like to get their hands on. there are many protected areas throughout the amazon indigenous peoples territories that are protected in the amazon in ecuador for example. indigenous peoples have rights to their ancestral territories but they don't have rights to the

mike, what's the trade on blackrock? >> yeah, so blackrock of course they earn their revenues as a function of the market level as the market has declined so have their revenues. if you look at next year's estimated earnings, it looks cheap on a trailing basis and certainly cheap relative to the s&p at probably 15, 16 times but it's actually trading nearly 24 times next year's estimated earnings and that's because asset prices have declined and so too have their fees along with it. carter's identified an area of resistance, and i'm looking at selling a call spread. and that's one of the things you want to do is identify an area of resistanc because selling a call spread is something a bet is not going to happen and he's betting it's not going to go higher you want to keep your eye out for things like catalysts because that's when the fundamentals catch up with the technicals and we begin to understand why price action is behaving the way it is once we start hearing the data that supports it. they've already reported earn