Fannie Mae-No Politics (FNMA)

[LuLeVan]

The pessimism revealed here these days is the antithesis of the boundless optimism before the Scotus decision - when many were dreaming of quick riches. I saw the optimism at that time as a negative contra-indicator, and see the current pessimism as a positive contra-indicator.

Stocks usually go in a direction that most market participants don't expect.

However, the impending SPS-to-common conversion is indeed a cause for concern, and I think there is much less risk owning the JPS.