One Investor to Another

 The Blog of Ted Allrich

5:10 PM PST, August 27, 2008 -  Total dog days of summer.....feels like everyone is doing something other than investing.......slow times and will be for the rest of this week and the beginning of next....always happens, every year....no surprise.....still, good things can happen, even with inattention.....FNMA is starting to clean house....just installed a new CFO....look for more changes there as well as Freddie Mac.....there won't be any new capital or fresh debt opportunities with the old guard still on guard....investors want new management before they'll have confidence that things won't keep on keepin' on.....if there is a positive announcement for Fannie or Freddie of significant nature, look for all the financials to move ahead nicely....these two giants are in the spotlight now and if they show better than expected losses, it's a sign that all financial institutions holding mortgages will have better results.....keep an eye on developments for both of these and the ripple effect they'll have, good or bad.....don't go to sleep just because things are dull.....look for buying opportunities as markets are listless....that could mean a stock you monitor is under selling pressure by one seller with no buyers around....you might be able to pick up a bargain while everyone else is on vacation....use some low ball bids to buy some favorites and don't be surprised if someone who has to sell hits one or two....

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