Freddie Mac and Fannie Mae
No love for these two stocks.
Even after Treasury Secretary Henry Paulson made a statement ensuring that Fannie Mae and Freddie Mac would remain as presently constituted to carry out their mission it was not enough to satisfy most investors.
Both Fannie Mae and Freddie Mac hold about $5 trillion worth of mortgage guarantees in this country, roughly about half of the 9.5 trillion mortgage debt. Their survival is paramount.
The trouble with these two companies is the latest depressing factor in the current credit and confidence crisis that the United States is going through at the present time. This type of negative information is depressing for stocks and weighs on the minds of investors. This type of mindset is similar to the early seventies when we witnessed the last prolonged bear market.
There are no quick fixes to our current set of problems, only trading opportunities.
We live in a capitalist society and these are the cycles that we go through every 30 to 40 years. This is the price we pay for living in a free society.
My new eight minute video shows in detail how easy it is to avoid disaster stocks like Freddie and Fannie. I also show you in very clear terms how to fortress your portfolio to withstand any type of financial tornado that blows through the world economy.
4 thoughts on “Twin Disasters”
i find it real funny ... on hand you advocate free speech and on the other you are campaigning for protection against rumours - ???
FREE SPEECH BE DAMNED AS LONG AS OUT IS SAVED ??
You woke up too late mister. They have had the cake and eaten it too. This only proves that no matter how accomplished a country , a political party may think it has become seeds of destruction are embedded in the very path to success. HISTORY . SO BE CAREFUL IF YOU DONT WANT TO COOMIT ANOTHER BLUNDER IN THE NEXT BUBBLE ?? INNOVATIVE BREAKTHROUGH ?? WHAT EVER..
Big (overdue and needed) changes are in the wind(the 'gaming' of oil and distressed financial stocks is finally coming under fire)...
By CNBC.com | 14 Jul 2008: The SEC, under heavy pressure for not responding more forcefully to a raft of rumors that have pounded stock prices of companies such as Lehman Brothers, announced that it will investigate rumor-mongering and stock price manipulation on Wall Street.
"I think there should be criminal prosecution at a high level because that’s the only thing that stops those people," said Jon Najarian, co-founder of Optionmonster.com. "Otherwise they just pay a fine and move on."
"People hear rumors at cocktail parties, but there’s really something sinister going on today, particularly with the banks spreading rumors that customers are stopping doing business with Lehman Brothers. That has a tremendous effect on the market," he said.
"In this market, any kind of rumor is being taken seriously," said Jake Zamansky, a lawyer at Zamansky & Associates Securities. "People spreading these rumors, in many cases have driven out the likes of [Bear Stearns] and potentially Lehman Brothers. People spread false information, outright lies, to drive these companies down."
Meanwhile, executives at Lehman Brothers, whose shares fell nearly 17 percent Friday alone, are working on a plan to put the firm on more solid footing and stop the free-fall in the company's stock.
“I think it’s incumbent upon the SEC to get the people those false rumors and, companies should come up and ask for proof. If they don’t have the proof, these people should be prosecuted,” added Zamansky.
Hello Adam, Great videos. I am on a trial membership and trying to figure out how to spot trades such as these early enough in the game. Does your service help subscribers in picking trades? If so, can you point me to the right spot on the MarketClub site or provide me with ways to be able to do that using this service? Thanks, John.
Thanks for your feedback.
I strongly recommend that you watch all the MarketClub videos. I also recommend using the Trade Triangle approach and technical analysis in all markets. Hope to see you as a member of MarketClub when your trial is over.
I like what I've seen so far. Are you familiar with wize trade?
Thanks for your feedback.
I have heard their name, but are not familiar with the company.
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