Oct 22, 2004

Into the close

I would add here that with everything down and the world apparently on notice that its days are numbered, Fannie Mae (FNM) has managed to stay green. I would have thought the bears would attack that thing as soon as the tape rolled over as I don't see anyone wanting to jump in front of that particular train when it gets rolling. They are being forced to go through some painful changes and the old valuation of the stock (where we are now) is going to become mostly irrelevant depending on the changes they implement.

Anyway as it swims against the tide today it is certainly a sign of some strength.

No comments:

Post a Comment