Fannie Mae-No Politics (FNMA)

[bradford86]

it's difficult to know, but we are looking at cascading market liquidations

and in situations like this, i always assume everything gets puked evenly and so the stuff that is less liquid and less well known gets blown out with the biggest price movements, all other things being equal

i've been amazed at how fnmas has taken this all on the chin, i would have expected it to be sub 9 by now given the market chaos, but i still think that the dow will go sub 20k, so there will likely be better buying opportunities here.

as an aside i'm looking at other stuff... if that gets attractive enough i could cut exposure here and leg into other stuff..