Fannie Mae

The market has been acting up the last couple of days and as a result my investments are down so far this week. The hardest hit of my stocks has been Fannie Mae (FNM) thanks to its rating being downgraded to underperform and the prize target dropped down to zero, ouch indeed. Although it’s still a bit profitable it has lost a lot so don’t be surprised if I end up selling this one sooner than soon.