Astonishing drop today in response to an obvious bear market rally, even the good quarterly report had no impact.
Price is so low that's it's even worth the risk to buy on margin.
Of course I could be wrong. Maybe the subprime crisis is really over. Maybe US house prices are now increasing and the US Fed can increase interest rates just before their elections. Maybe Freddie and Fannie are solvant after all, and mortgage foreclosures have just about finished. Maybe the US current account and trade deficits are about to go into surplus. Maybe inflation is just a figment of our imaginations............
NCM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
