Fannie Mae-No Politics (FNMA)

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News on Bloomberg.com:

http://www.bloomberg.com/news/2013-08-06/how-s-obama-going-to-get-u-s-out-of-the-mortgage-market-.html

Nice article supporting the sentiment that Obama's speech was heavy on rhetoric and hope and little on plan and potential action. Above his goal to "wind down" FnF, was the strong notion to retain the 30-year fixed mortgage for middle class Americans. Article points out that for the 30-year to exist, government needs a strong role in housing.

I think we're sitting nicely in the 1.50s given the "bad news" yesterday. I also anticipate the price to drop further on earnings with a big run starting somewhere around the 19th. Just my opinion based on the chart, last run, and prior earnings release.