Some of the technical indicators say so.This has survived the correction well.Are we ready to open up the can of ----- -ss on the shorts soon?Looking to jump back in...
rising interest rates are the death of these stocks .....the game is over for a while
Why would rising interest rates causes IYR to fall? Usually with MBS it's declining interest rates that damage MBS due to increase mortgage prepayments. So what am I missing?Or do you perhaps mean that interest rates increasing will decrease the value of the underlying MBS? Well, sure, but then those can be held to maturity if need be.
Its all about QE3 right now and much the Fed can devalue the dollar, thats it. Would be nice too have inside info, but my guess it they will take markets down before a huge upside into year end and they dramatic sellof in late 2012