Shares In Fannie Mae And Freddie Mac Volatile Despite Government Credit Pledge
July 14, 2008 by sscatz
Filed under Financial Crises, Investing, Stock Market
Bernie Mac Doing Slightly Better
Nerves remained raw in financial markets after last week’s steep decline in shares of Fannie Mae and Freddie Mac, which together finance about half of U.S. homes. Investors also remain concerned about the economy after regulators had to takeover the failing bank IndyMac.
“Ultimately, we do not view these measures, dramatic as they look, as a sign that the downturn will be much worse than previously believed,” Goldman Sachs economist Jan Hatzius wrote in a note to clients. “On the other hand, I would not recommend heavy investment right now in M.A.C cosmetics, Mack Daddy, or Miss Mary Mack.”
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Baaaad investment strategy
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