Freddie and Fannie Buck Market Trend
In spite of the beating the stock market took on Monday with the Dow
Jones down 242 points and even though financial stocks were among the
biggest losers, Freddie Mac and Fannie
Mae shares came roaring back from their awful performance on
Friday.
Jim Cramer said on NBC news Tuesday morning that Wall
Street was actually anticipating that Freddie and Fannie would be taken
down by regulators over the past weekend. When that didn’t happen,
investors came flocking to the GSE stocks…