Stock Futures Explosive on FNM and FRE Government Bailout
Monday, September 8th, 2008Stock Futures are up big time on news of the government bailout for fannie mae and freddie mac, the big wig mortgage lenders. Currently the Dow Futures are up 249 points or 2.33% which is looking to post us some large gains for our current stock positions. 
Although its unfortunate for those who were holding long on FNM and FRE over the weekend as they dropped 20% Ah friday and are showing BID/ASK prices of 1.51/1.70 for Monday . Of course the question now is whether or not this is a good investment opportunity? Listening to Buffet on CNBC responding to the news stated that this was the best move possible to save FRE/FNM yet wouldn’t consider investing in these stocks and there “Blown Away” . Yet obviously, i don’t care about investing, only short term trading and i believe this move will definitely give us some strong day trading opportunities as we’re going to see big moves with these stocks on tons of liquidity.
On a positive note financial stocks are looking to open very strong this morning, good thing we bought 3 new financial stocks on Friday 
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