NLY is now trading just above the lowest lows of the entire financial crisis. The Fed has not even really "tapered" yet and they have committed to a rate policy that will ensure the recovery remains on track. This is a golden buying opportunity for anyone who has an attention span of more than 2 minutes. Long term is the way to go with this and it may get cheaper but it has alway paid a good dividend without fail since the company went public and has always recovered nicely from these downward nosedive moves. Hard to ever catch the absolute bottom but we are definitely in the "bottomy" range here.