If Cramer's correct, what NLY was down AH Friday will be small potatoes compared to how far down it will be by next Friday! This could be capitulation week. If Fed jumps in with early 50 or 75 cut and market ignors it - it will be even worse. Hold some cash and be ready to look for bargains after the wild fires are put out.
I'll check back with you late Monday and see how your "bargain" is doing! Good luck, but I'll sit this one out for awhile. If something as seemingly strong as NLY can go down as much as it has then I'm staying far away for now.
Crammer has his flock of sheep and can effect stocks in after hours especially on a Friday. The will affect the first few minutes of regular trading and then will do its own thing. Cramers flock of sheep is getting smaller and smaller. Some of these agencies will be announcing their dividends next week and commentary's. Both Cmo and Nly Investors relation dept have said their is no unusual margin calls. However they will not have a special press release but will comment on it during dividend announcement. Anh said they were in a quiet period before earnings.
You are correct about that and I get the feeling that Paulsen and Bernake will soon have to do somthing positive to aid the situation , like intervention to bring down the mortgage rates as suggested by Bill Gross yesterday on CNBC.
That would stabalize housing and have very positive know on effects on financials and companies like NLY. If they continue to do nothing the whole ship can go down as this situation is out of control.