Fannie Mae-No Politics (FNMA)

[Joseph_Otting]

Good start towards recovering last year's significant losses. The issue I see is this trade is flooded with Traders that will be flipping for 10-20% gains.

The Average Joe's are going to need to bring their A-Game to overcome the Traders that $FNMA has now attracted.

I think the irrational exuberance might even allow $FNMA to test $1.40 before the break-down to new multi-year Lows continues.