Wednesday, November 15, 2023 6:51:24 PM
So what? If I agreed with Mr. Market I would only own the S&P 500. The entire purpose of picking individual stocks is because one thinks they are either undervalued (in which case one buys) or overvalued (sells or shorts) by the market.
Don't get too caught up in recent price movements. Click here to see a 5-year chart of the FNMAS to FNMA ratio. Mr. Market is constantly changing his mind.
There are equally relentless posts saying the commons are worth things like $38 or $190 or even higher. Why not call those out too?
That's only if you assume that the market is correctly pricing both the commons and juniors. And if you truly believed that you really shouldn't own either one; it would be extra risk with no extra return.
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