Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

It's taking a while to digest those massive Jr. Preferred gains. Looks like $FNMA and most JPS are roughly off the same percentage from their highs of the year.

What's surprising is $FNMA wasn't able to make new highs, while JPS did and in a BIG way. What do you think is the reasoning for that?

And how come $FNMA is still down ~50% from it's all-time highs, yet JPS are higher than where they were a year ago and only down a small percentage from their all-time highs (which they set earlier this year, and $FNMA did not)???

This is all so confusing. But let's continue to look at daily price oscillations and talk about short-term out-performance of one versus the other. That'll definitely help prove our points