1 point
posted on 07/16/08
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+0.00%
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FNM/FRE - let the rest of the market move on
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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 the Fed is going to buy stock, or try to save them as publicly traded entities is foolish, and won't work. These stocks need to get to 1 PENNY and let the rest of the market move on to other things to fixate on! :)
Michael "Waxie" Parness
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Comments (15)
Add Comment
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Why are you not adding these picks to your portfolio?After all there is no cost.It would help to create a track record and make it easier to follow your predictions.Just my 2 cents.
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funny, i was thinking exactly the same. lots of comments but no picks.
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I also question your understanding of the economy and the real estate market, FNM and FRE are involved in 80% of new loans and over half of outstanding loans (5 trillion dollars worth), you have to be pretty stupid to think that just letting them fail is in anyones best interest
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