Geez, you seem pretty angry for a guy who shorted AGNC at $36. Seems odd.
S&P 500 is up16% from when I bought AGNC, AGNC position + divs up over 22%. But thanks for the thoughts. Keep posting!!!
YOU ARE ONLY ADMITTING you haven't made any money and are under-performing a record market. WE GET IT.
Those purely emotional posts replete with name calling should make you feel pretty confident we are at or near a bottom.
Nope, I missed the low by over $.70, and I just added at $20.56. Missed that low too and I didn't sell at $23.85 (missed that top) and I'm still feelin fine about what I own and where I own it. There is no such thing as a good or bad stock, there are only good and bad prices.
IF YOU BOUGHT AT $18.11 as you say... you rode this down from $36.....and in the greatest market in history...AGNC hasn't beat the S&P. soooo enjoy your lame lies. WE AIN'T BUYING YOURBS!!!
YO CHEERLOSER, WAHOO......if you think anyone buys you bought at the very low of the past 2 years you are full of it.
buy in $19.85 plus 16months of divs, I'm good.
Not if your initial buy in price is $18.11, like me....SUCKS TO BE YOU LOSER.....
Klumpsy: I will state one line you wrote above. " Listen to Congressman and Congresswomen ". That statement just confirms my thinking of you. You are a LOON.
Ye that through your hearts to-day
Feel the gladness of the May!
What though the radiance which was once so bright
Be now for ever taken from my sight,
Though nothing can bring back the hour
Of splendour in the grass, of glory in the flower;
We will grieve not, rather find
Strength in what remains behind
History does repeat, get prepared.
This has nothing to do with earnings. Nada. Apple will get halved in a 1987 crash and they will report double digit increase in earnings. This is multiple compression, massive distortion by Quantitative Easing and Zero Rates, the negative convexity of treasury bonds is skewed at record breaking amounts. The FED did this same thing in 1925 to try and keep the housing boom going, in the Roaring 20's, in 1928 they pulled back on the notes and bond purchases and then start to raise rates in 1929. The enormous convexity from all the FED distortion caused the 1929 crash, which had nothing to do with the business conditions in the early 1930's, companies were still reporting record earnings in 1930 for most of the year, the markets even staged a comeback of 50% by 1931, then another crash took it down 90%. The same will happen, except the conditions are worst now, they have never did this much distortion to the financial system, it had to be political to make the current administration look like they turned around the economy and avoided a DEPRESSION. THIS WILL BE WORSE, BY FACTOR OF 100X. I can not even put a name for this except may a mathematical expression of what you will have left after the crash and distortion is neutralize.
T(1) = time before the crash, T(c) = time after the crash, W(t1) = Net Worth before crash, W(tc) = Net Worth after the crash:
NET WORTH AFTER CRASH W(tc) = W(t1) x 1/(infinity)
General, you saw my original post on 1987 like crash, not hysteria, I have been tracking the internals and they are worst than summer of 1987 by a factor more than 10X, 20X maybe 100X, this is MASSIVE DISTORTION to the financial intergrity of our great hypocrisy. I came out first, now watch all the other economists, including Yellen and Stockman warn. Just like 1987, the little folks all ignored the warnings, it is almost like that 200+ card pileup on the expressway in Michigan or Indiana this winter, every single car was doing 65+ on near visible conditions, whiteout snow blizzard. That is the best I can describe where we are right now. CRASH IS IMMINENT, VERY SOON. Don't believe me, listen to Congressmen and women warning their voters they represent.
Here is Stockman's warning.
But according to Stockman, all this is creating is "a coiled spring that is going to break loose one of these days and there is going to be some pretty drastic and even violent adjustment."
If history is any indication, Stockman expects a crash to happen very soon. "We seem to have them every eight years," he said. "We had one in 2000 and everyone said, 'This time was different.' Then we saw a massive catastrophic decline. Eight years later, we had the same thing," added Stockman. "Now we've had the weakest recovery in post-war history and what has happened? The Fed has simply reflated the bubble to an even more gigantic proportion."
And it's not just stocks that are in trouble. Stockman sees some troubling signs in the bond market. "It's not possible that the interest rate on the 10-year German bond (NYSE Arca: BUNL) should be 70 basis points when it was 5 just a few weeks ago-or even that the U.S. Treasurys (U.S.:US10Y) should be trading at 2 percent on the 10-year when we have taxes and inflation."
To Stockman, the message is clear, "everything is totally distorted and there is a day of reckoning coming down the pike."