Thinking of investing in finacial stocks. Consider Bil Gross's comments first. Bond manager Bill Gross wants to spread the bailout wealth. Gross says in a commentary posted on the Pimco Web site Thursday that the government must “open up the balance sheet of the U.S. Treasury” to support Fannie Mae ( FNM ), Freddie Mac ( FRE ) and, in a new twist, “Mom a...
The upswing looks exhausted. Downside target depends, but should be significant. However, since the position won't be closed out at target, even if a target is set, it reduces the benefit of putting a target price.
Watch as no fed intervenes and they weather the storm coming in the next few quarters. But spring '09 brings great hope for the housing market and the price of FNM goes with it.
More bad news for the financial sector
- Bond manager Bill Gross wants to spread the bailout wealth. Gross says in a commentary posted on the Pimco Web site Thursday that the government must â...
FNM/FRE - I am 100% not short these stocks.
- FNM/FRE - The Fed has intervened and basically made it hard to stay short these things. While ultimately they will both be at zero, unless the Fed rea...
FNM/FRE - let the rest of the market move on
- FNM/FRE - The Fed continues to bumble cluelessly along when it comes to the market and the economy. FNM and FRE are both worthless, so the notion that ...
FNM going to ZERO, folks.
- FNM - As my kids say - OOUCHIE! The Fed jumped in and said "hey, dudes, we're gonna save your butt!" and they still cracked FNM and FRE! I'll save the...
MI Plummets... Are Bottom Feeders Hungry Yet??
- After watching M&I's deep plunge of over 10% yesterday, I wonder how close they may be in the vacuum behind Fannie & Freddie, and IndyMac (with absolut...
About Fannie Mae
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