I was looking where you found that the future were down 12%. I think I will stick to own sources, your information on the stock market and fnm is really messed up. Next time SHUT UP or post where you find information
Come off it - what futures are you talking about specifically? Enough pulling random numbers out of your ass.
Treasury lifted the cap on FRE/FNM because they had until Dec 31st to do so without congressional approval. This isn't a surprise to anyone paying attention.
This is good for real estate in that FRE/FNM no longer has to reduce their MBS holdings & FRE/FNM are the only ones buying mortgages these days.
I don't see anything rosy in the real estate market, but this particular action was expected & if anything gives the Treasury some huge guns to keep mortgages flowing & support real estate.
And yes people are this glib, lets see 1. government releases statment in order to not disturb market before holliday 2. they lift the cap because real estate is in good shape (au NO) 3. Trash dashers give their money to real traders by focusing on garbage like FNM while missing the sell off in everything but GOLD! You people have been brainwashed, and your portfolio is about to get washed out! Good Luck in the next coming weeks you trash chasers!
If you cant find the futures on real estate yourself, you're a fish to anyway. My advice, take your money out of your brokerage account and lock it up for 30 years. It will be the best move you ever made. Or leave it in and lose it all! GET A FINANCIAL ADVISOR! OR SHUT UP
I would wait to buy gold, shorting real estate is a much safer bet. The Government just told us that real estate is fuked, look at when they announced it! They wanted to not get a sell off in the market. Well they going to get it tomorrow!
Im short 50,000 shares of fnm at $1.18 and will sleep well tonight! I'm riding this beyach to .05 where the government has told us it's going! It's amazing how stupid people can be!
I must admit, my first thought was to buy FNM, now that I see how investors have reacted to the news my vision is less cloudy. Think about it! This is terrible news for FNM, they're basically telling you that big problems are ahead.