Whoa! 725 point drop...I can remember when that used to make wallstreet put the stops in and shut down trading early. Not as big a percentage now but if it keeps goig down...?
I don't think FNMA or FMCC lost 2% today like the market, but FNMAS (-5%) and other prefs got brutalized. Feeling a bit sorry for picking at the pref groupies. I am thankful FNMAS never hit that $5 price target I was looking for, before SCOTUS decision, to buy some prefs. It looks like I dodged a bullet on that. But very enticing now to maybe pick up 10k worth.
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