People said the same thing at the bottom of the last recession who couldn't stand a 50% plus loss on some of their investments so they sold. I didn't: I bought instead. I made some good profits on those purchases and took some losses on things that I felt could take too long to recover. I'm still holding some stocks bought pre-recession at a loss because they have the same ability to rise in value as most other stocks. I'm holding and maybe buying more NLY. Patience is a virtue; fear isn't. The Fed is going to keep short term interest rates low for maybe years to come. Long term interest rates will not necessarily go higher because of the spread. There have been long periods of low interest rates that matched low inflation rates. If you fear inflation, stay away because higher interest rates would come. But I for one don't fear high inflation and corresponding high interest. It seems to me that we are in an era of low inflation caused by the global economy and interest rates may stay low too for just as long.