Damn! It's a friggin MARKET MELTDOWN! Looks like America is going to hell in a handbag.
Right now FRE is down 33% to $5.32 and FNM is down 31% to $9.08
FRE was $63.00 just last October. NOW ITS A PENNY STOCK!
THIS IS NOT GOOD!
Regioncy Real Estate - Redlands, CA
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop
Nice hat. There is always opportunity, even when there is a problem! That is how this country has survived so far.
Jul 11, 2008 03:35 AM
Empire Realty - Upland, CA
Empire Realty Upland, CA - Full Service at a Discount
Yup Randy,
It is the end of the world as we know it. I am very concerned about the short term fall out for our industry.
Jul 11, 2008 03:40 AM
JimmyMcCall.com - Cunningham, TN
The Ex-Mortgage Consultant
Randy, I have not even thought to look at their stock prices. I have been reading articles about their financial mess but I guess there is no better gauge than stock price.
Jul 11, 2008 03:41 AM
Competitive Insurance of Dundee - Dundee, FL
They are certainly having issues lately. The government seems to want to keep them solvent but stand back in the shadows.
Jul 11, 2008 04:14 AM
HomeSmart Realty - Denver, CO
CRS | SRES, Denver Real Estate
The Sky Is Falling (I think the Current Government wants everyone to have at least 1 Foreclosure in Their Lifetime) You've been BUSHED!!
Jul 11, 2008 04:20 AM
Lazarus Realty - Fresno, CA
Owner/Broker, Lazarus Realty, Fresno California
I shoulda bot at least a thousand shares of FRE in the AM that day for the bounce but my butt was too puckered! It ended the day over 7 bucks! Now back down to $5.26
Jul 15, 2008 02:45 PM
Rainmaker
79,138
79,138
Randy "Lazarus" McAtee
Owner/Broker, Lazarus Realty, Fresno California
Comments(7)