ExplicitPicks.com

September 08, 2009 14:48 ET

ExplicitPicks.com Reports on Some of Today's Market Flops: Citigroup Inc., Fannie Mae, Freddie Mac and Spongetech Delivery Systems Inc.

LAS VEGAS, NEVADA--(Marketwire - Sept. 8, 2009) - Explicitpicks.com, a premier micro cap research firm takes the emotion out of buying stocks. At Explicitpicks.com we track stocks all over the market on every exchange; however our primary focus is to provide investors with winning micro cap investment ideas. We provide our subscribers with comprehensive due diligence on little known micro cap stocks that look poised for explosive movement. Our alerts are available to all interested investors totally FREE of charge. Investors simply need to subscribe with us at our website at http://www.explicitpicks.com.

Explicitpicks.com Reports on Some of Today's Market Flops: Citigroup Inc., Fannie Mae, Freddie Mac and Spongetech Delivery Systems Inc.

The mortgage and banking sectors have been a tough place for investors over the last year. We continue to see those effects even today in stocks like Citigroup, Fannie Mae and Freddie Mac. Many of the largest banks turned to the federal government for bailouts in order to try to turn the tide. Some US banks have extended loan repayment dates to their commercial real estate clients that can't make payments, rather than writing them off as bad debts. Many fear this process will delay the US economic recovery since the banks won't fully rebound until the bad loans are dealt with properly.

Jim Lockhart, the GSE's former regulator, told CNBC that the collapse of Fannie Mae and Freddie Mac one year ago was the result of bad government policy that took too long to be corrected, and goes on to say they will not be able to repay the government in full to cover the cost of their bailouts.

It remains clear that stocks market wide like Spongetech Delivery Systems Inc. that came out with positive news are still heavily influenced by the negative weight of these market conditions.

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