Fannie Mae-No Politics (FNMA)

[Nelson478]

Yes, that did happen today but there is another important event this Friday.

The Jackson Hole Economic Symposium is an annual symposium, sponsored by the Federal Reserve Bank of Kansas City since 1978, and held in Jackson Hole, Wyo., since 1981. Every year, the symposium focuses on an important economic issue that faces world economies.

This annual conference starts this Thursday and Powell is going to speak on Friday. The markets move when the Fed Chairman speaks. This Friday will be an important event.

If Powell indicates no future rate reductions and easing, the market is going to react negatively. Many equities will sell off very quickly. Many will recover within a few days after. Just don't let this be a reason for you to dump your position out of fear because you're not aware of these economic events.

What we don't want is to see retail investors sell out of their shares this Friday and then miss the train next week when everything begins to kick off. Avoid that situation and stay long. Some of you will sell at $10. We are planning to hold until at least $25 and through relisting on NYSE. The best is yet to come. Goodluck.