Let me ask you a question.

Your comrade at CNBC, Jim Kramer, he said that the Dow Jones is being held up by bank

stocks while tech is crashing, which brings up an interesting point that tech is not doing

well, but bank stocks are doing well.

XLF, which is the bank ETF, is almost 52 week high.

You know, JP Morgan is not doing bad and Goldman Sachs.

What's the deal with bank stocks and how do you feel about investing in a banking sector?

Well, I think, yeah, so I own JP Morgan shares and the financial sector is weird because

a lot of the biggest financial companies in America are currently classified as tech stocks.

Like PayPal is obviously a financial company.

It's the bank of the new generation, but the index committee has classified as a tech

stock.

I don't know why.

Same thing with whatever we're calling Square now block.

Believe it or not, even Visa and MasterCard are considered to be technology companies.

And like obviously they're engaged in finance, right?

So I guess the first thing I would say is I try not to get too hung up on definition

of what you think a stock is and maybe just try to focus on the company itself.

Because one thing that's happened in the last five years is that the people running

technology companies don't respect any borders.

They're willing to go into any business they feel like going into.

They don't care if this is considered tech that's considered whatever.

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