Fannie Mae-No Politics (FNMA)

[JJ8]

The FnF pps have been liberated by Watt this morning. Now the market will begin to wake up to the reality. A new vista has been opened for them. He didn't waver and has apparently done a lot of work and that's quite typical of him from what I knew of him over time from my own assessment of him mainly from hearing over many years. I should say also that I like his approach, moreover, his style. Amazing turning point... we are now hearing about about detail matters over which he has apparently done some thinking and taking of definite positions.

PS: My port has already gone up by 8% this morning... due to only 2 stocks- one being FNMA, of course!