Fannie Mae makes several year low

Fannie Mae,the housing giant,is making a several year low today.Fannie hasn't traded this low since October of 1997.If you'll notice on the chart,while homes prices may have been going up nationally the last five years,Fannie hasn't made a new high since December of 2000.With earnings re-statements and lawsuits coming we are pretty comfortable in saying the low isn't in on this stock.It may actually be a leading indicator of what's going with the homebuilders and home prices.