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Toddo On TV: FNM + FRE = Nationalization


Markets, movers and more.

At the Capitol Hill grill this morning, Federal Reserve Chairman Ben Bernanke said Fannie Mae (FNM) and Freddie Mac (FRE) are in no danger of failing. Can you say nationalization? The 'Ville can - and has. Toddo weighs in.

Are airlines making a comeback? Say it ain't so. Toddo touched on this yesterday on Fox Business's Closing Bell - 30% ago in the case of Continental Airlines (CAL). When a sector's that oversold, any whiff of good news is embraced.

Now watch this! Toddo explains the method behind his single worst call of the year - being bullish on newspapers.

In the Buzz & Banter segment, Toddo singles out Wells Fargo (WFC), which today offered good news and sparked a 10% rally in the context of an oversold condition.

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Position in FRE

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