NLY is just below nav, AGNC still at premium. They went up too much. Now they r coming down. I just see this as a correction. We still don't know how much the hedging done by some companies will hurt book value. I have preferreds of CYS, HTS, MITT, MFA, AGNCP. They won't drop much unless long term rates start rising. Different to tell where common stocks can find support. Technically speaking today seems a classical panic selling bottom. Let's see.