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Wednesday, May 29, 2013 6:26:13 PM
Here is the next trap. Now that so many retail are spooked and now that so many traders think they are so genius I for one am glad to have gotten back in at a 40% discount off today's high.
Fnma will be going back up big but with such a correction I would be happy to not get stuck out of your seat when the mms yell goose again. Expect there will be traps for those who are still trembling and those who think they need to go buy a box of Magnums.
Get in and take a seat. You got a gift. Any losers on the day can make it back up in short order.
Fnma$
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