Monday, August 18th, 2008...2:31 pm
Fannie May (FNM:NYSE) breaks below July lows
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On July 11th FNM hit $6.68 on a big sell off. After an impressive rebound, investors are now realizing that nothing has really changed. In fact, Barrons came out with an article telling it as the shorters have already known for some time, should FNM and FRE get a bail out, it would most likely wipe out the share holders.
Freddie still holding above its July lows, but this weakness in financials will extend into the rest of the week.
More on these stocks at the Stock Market Message Boards at HSM.
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