Obama is a player for those who stand to manipulate FnF however they wish. It is his MOS, he has always been this way from the day he was the key note speaker for the 2004 campaign. Whatever he stated merely was regurgitated based on those who best seek a profitable outcome. Retail players like ourselves can only hope to ride the coattails or trade in and out of this as many do. But don't ever neglect the "measured" words of Obama. Yes there is a recovery, but no one has ever "pawned" the presidency, and entities like FnF as proof, as much as this gent.
Why would anyone touch FnF at this point. It is rolling, there's money, we aren't in a BS housing bubble, and things are just getting started. Ask yourselves why this has to be touched. Makes no sense. It is profitable and should be running. The "government", aka puppets time their words to kill yet another retailer's dream. Why is that? Who knows. 40 million traded, and Obama pukes out some crap. 25% pullback the next day, while many no doubt expected 100 million to be traded.
The man wanted to correct the wrongs. Does that look like it has happened the past 6 years? Has the market offered hope for retailers since 2010? Nope. And the politicians are doing their part in the process, including him.
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