Replies to post #658322 on Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Potty, simply not true ... JPS has lost more % wise of around 20% more than commons. They were at 4.5 times or almost 5 times. Now they are down to 3.something and change.

It will continue to bleed that way and the worst part about it is if a PSPA bang happens - and no big bang - JPS will never recover. The time to sell the JPS trade was when Trump lost at the highest spread between JPS and Commons.

Retaining more capital is coming ... Just a question of how it is done.

Good luck, JPS, your trade is dying ...

[Glossy]

I agree with you. JPS has become an indicator for commons.. they dropped first theb expect commons to follow.. vice versa..