Fannie Mae-No Politics (FNMA)

[Potty]

Another hedge fund meltdown = pfd collapse

It seems the pref prices are correlated (on the downside at least) to market corrections -- seems hedge funds have to sell these illiquid securities (often in volume) to raise cash when they get hit by market corrections

Thinking about buying FNMAT when it gets down to that 1.5-1.75 range, since they seem to buy it back up to 3 when we have the sniff of good news

But we shall see, if we have a proper, blood-from-the-ears, collapse, then FnF pref may go below 1.50

I am all in cash in my taxable accounts (all internaitonal ETF in retirement accounts) -- BTW you guys laughed at me in the COVID crash when I said buy M at $4 (now 25), buy SKT at 2.5 (now 18), buy CEQP at 6 (now 28)... at least I am still laughing lol

This time around, american stocks way, way too costly -- my favs for the brave are chinese fintech and brokers: LU at 4.75 with divvy announcement coming in Feb, QFIN at 18, TIGR at 4.50 and FUTU when it gets below 38

Laugh away...