We show that elastic currents that take into account variations of the tunnel
transmitivity with voltage and a large ratio of majority to minority spin
densities of states of the s band, can account for the low voltage current
anomalies observed in magnet-oxide-magnet junctions. The anomalies can be
positive, negative or have a mixed form, depending of the position of the Fermi
level in the s band, in agreement with observations. Magnon contribution is
negligible small to account for the sharp drop of the magnetoresistance with
the voltage bias.Comment: 8 pages, 3 postscript figure