Fannie Mae-No Politics (FNMA)

[Potty]

I was talking about the wider markets, just so I am clear.

I agree with you about the dynamic.

Frankly, I think these retail investors are going to get skinned. The big guys just need to use a headline to induce a dip and then the algo's go crazy and the retail panic sells -- and down we go 10-20% on the focus stocks.

Rinse and repeat a few times till now one left with any buying enthusiasm and then the institutions buy...

Hope I am (somewhat) wrong, but I am all cash except WFC (bought nearer lows) and FnF