correction coming tomorrow, people might use that as an excuse to stay on the sidelines, to stay uninvested. and that's been such a harmful strategy for the last few years. even though there are corrections happen, markets fluctuate, i wouldn't use that as an excuse not to prepare the right long-term financial plan. >> all right. thank you so much for your thoughts, art. art steinmetz, chief investment officer at oppenheimer funds. >> thank you. >>> as we mentioned, there was more good ne today out housing. the s&p case-shiller price index for february showed the 20 biggest cities shot up 23%. that's the biggest year-over-year since 2006. measured in all 20 of the markets and that hasn't happened in eight years. but with some prices rising so quickly and a tight supply of available homes on the market, some worry now that we may be entering a new housing bubble. diana olick has more. >> reporter: as home price gains head toward double-digits, some are raising concerns that they are rise together far too fast. >> i would not call it a bubble. i'll admit a bubble is one thing you don't see wh

and the large universal banks and the analysts said these large tier one investment banks are uninvestablebout earnings and less about margins and more about the regulatory environment. that are facing litigation, they are getting sued left and right and they're facing new rule change changes. >> really talking about them as investments. i think the world is catching up. >> a large bank, one part of the bank can yoffset another part o the bank that can be doing well. >> when you get to market, that's up 10% and money is going into stocks. >> and what cruise ships are doing to get you back on board. would you use a bank that doesn't have branchs or go on a cruise? how about the 14-year-old who shot a 73 yesterday? here are the ceos that like to play golf the most. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't see

he sees these stocks as quote uninvestable.re is that the supermarket banks will need to spin off business to tap funding. the topic of new regulation came up today at the white house. to be clear, though, stand alone, too big to fail legislation is unlikely over the near tomorrow. but what is in the cards will have ripple effects by influencing other legislation such as tax reform with a potential negative impact on bank earnings. look for those earnings to come under increasing pressure in the quarters to .

jp morgan, a big investment bank says the big investment banks are uninvestable. say away wha?at's behind that call. they have the money, and it looks like they've got the brains to match. why billionaires have bigger iq's? now back to scott "fast money halftime report." explains a lot. >> we'll see you at the top of the hour. we're going to hit unusual activity first, though. dr. jay, doc, you're looking at energy zoosh yeah. you take a look at psx, which is the leading loser in the space really. this was the out performance like crazy in q1. as soon as that ended, it began a run for the exits. if you take a look at that, folks, you will see psx, up 30% at the end of q1, and it's now up only 13% on the year. big sell-off. same thing with marathon, mro, and murphy, no relation to the guy next to me, mur. a lot of money coming out of these over the last just few days of this very young second quarter. >> still wouldn't buy the refiners. have not liked it for the next four to six weeks. clearly you're seeing these refining companies recognizing the time was six weeks ago to incre

in general and we've heard the term uninvestable related target at some banks and you wouldn't put cityis group. upon closer review since the morning. i spent the morning going over wells and j.p. morgan. i was too fixated on the mortgage line. the wells fargo cross-platform businesses they do. the wells fargo fee-based. i will say this, the wachovia deal which a lot of us felt was a bridge too far is a huge win and this wells fargo is beginning to look like a retailer that makes a lot of money every day. >> right. >> j.p. morgan was good, too, but the wells, look, if you're too fixated on any one line you'll miss the bigger picture and no one liked the mortgage line. they were also saying in the mortgage line, we said it wasn't going to be that good because they're such a good part of the mortgage money. every other line of wells was fabulous. so i went to withdraw any negative feeling i have just because again, this is one of those things, you read the story and you get it wrong. it's the conference call. the conference call was fabulous. i know you interviewed -- >> we did the cfo on