Fannie Mae dropped 16% which close at 15.74 and Freddie Mac even did a better job which dropped 18% and closed at 11.91. Holly Shit, you better believe it. These two Congress backed mortgage giants have lost 80% of values within 52 weeks. I have no choices but to buy a few shares of FRE because I need to support my friend's jobs in these 2 companies (it sounds pretty lame even to myself.) and practice Wall Street 101 class - Buy low and sell high. If our next president can do a slightly better job than GW, I believe it will be a 30 - 40 stock 2 years from now and I try to behave like a true investor this time. Well, we shall wait and see tomorrow. I was bottom fishing today which I hope I caught a big fat Grouper and it may turn out to be a stingray tomorrow. Ouch, it stings and hurts.
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