Fannie Mae-No Politics (FNMA)

[gbit]

Keeping things in perspective...I know everyone is frustrated at the recent lack of PPS movement, Obama speech timing, etc; however, the last run's timing may help provide perspective.

If my dates are correct, the FNMA Q1 2013 earnings were reported on May 9 (Thursday). We did not see the volume go over 100K until May 15 (the following Wed). The $5+ peak was not seen until May 29. This may help shed some light on how long it takes for news to travel, people to free funds to invest, etc.

Although we were all hoping for a quicker pop with such great earnings, I am still hopeful that time and positive events are on our side.

Hang in there and enjoy the ride. We have had great positive news lately. Only a matter of time to let it percolate with Mr. Market into something great.