Fannie Mae-No Politics (FNMA)

[RickNagra]

Wednesday was a great day full of excitement euphoria climax and fireworks. Today sucked. I mean it really sucked. We reached the two dolla holla print but it was short lived. It was like being intimate with your partner but then two seconds later it is over. What a disappointment. So here we are at $1.75. Do we head down or stabilize or go up ? Hard to say. It could go either way. However based on sound pattern recognition from years of GSE analysis it is reasonable to say we will stabilize at this level for about 2 weeks. At this time the oral arguments will start with the Jacob and Hindes case. This should not be confused with the oral argument that will start with your partner regarding your performance.