We Have Issues

Not Angelina by the way. We do have issues and they are too long to detail. Wachovia closed below $10 today. Remember I bought the calls when the stock was about $18 about two weeks ago? That will teach me to ever think things are “cheap” or “near a bottom” in this horrible market. I got the feeling at one point today that we would go down 500 and have FNM and FRE drop to low single digits. Remember what I said over the weekend. I still think these two are worthless. We need a down 500 day.