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Non-Tech : Kirk's Market Thoughts
COHR 139.51+2.9%Nov 21 9:30 AM EST
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To: ETF1 who wrote (1992)10/1/2014 3:09:09 PM
From: Kirk ©  Read Replies (1) of 26590
 
Thanks for the info.
Prepare for a shock when you look at the total return for today, which is usually available within a few hours after the market close.

Fannie and Freddie (common stock plus preferreds) reportedly make up about 15% of the Fairholme Fund, and they are being taken to the cleaners today.

My wild guess: I believe we could see the Fairholme Fund (ticker FAIRX) down 5% or more.
Any reason for Fannie and Freddie to be down more than the market as a whole?

Do you own FAIRX or just follow it for stock picking ideas?

TIA
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