Fannie Mae Preferred S (FNMAS)

[rosen62]

I didn't mean to lecture or anything, sorry...

It's just my background on statistics. 50/50 to us means "complete uncertainty". It is not that half the time "happens" or not, but "the chances" of an outcome upon next draw are half/half so there are no odds favoring any outcome. You can go on a stream of unfavorable outcomes non-stop. You really can't decide because you are in the dark.

Whereas in a 51/49 scenario you know that the unfavorable outcomes will -at some time- stop. With greater chances of that happening as the needle moves from 50/50 to 60/40, 70/30 and so forth.