Sweet meltdown.
That was the letter written by Fannie's CEO, by the way.
Funny how there is some kind of resistance to the idea that the stock is news driven, when everyone is here waiting and hoping for.......none other than..........you guessed it - N E W S!
Investors aren't here waiting to see if a product sells, they're not here because the stock issues a dividend... They're here because they bet on the likelihood of certain NEW EVENTS.
Accordingly, any NEWS EVENT substantial enough to increase/decrease the speculative likelihood of the other NEWS EVENTS happening affects stock price.
This is simple stuff folks.
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