Look @ the insanity over at AGNC. Price won't last.. but they are willing to pay any price to own it now.
Price won't last? MTGE is a $21 stock. $22 with a good earnings report. Personally I'd rather own it than the s&p 500. Not really sure why that is at an all time high. The last week has been bizarro world.
and #$%$ the nasdaq in it's dirty face.
Peer average ~2.56%. Above 13 yield is ~3%.. Yet CYS.. +2%.. also.. Even though I own a little.. IVR is just awfully priced.