That's a good one and I do recall seeing it a few years ago. One phrase he used "moronic longs" got me thinking and helped me break out of my crippling buy & hold mindset. There are always exceptions of course; funds with managed distributions sporting high ROC payouts can be a beneficial tool used to burn up one's carry-forward capital losses. But the bulk of my activity is dedicated to trades & bottom fishing. Speaking of bottom fishing, check SLV.
Cramer has never had much good to say about AGNC until today. He always downplayed the results and the long term possibility of the holding. My guess is that he holds NLY in his trust.
Anyway, been a holder of AGNC since earlier this year. Bought in at a few different price points to do a little DCA and am very happy with the results. Confident in another $1.40 this quarter. Wish I had a better understanding of options so I could join the party, but still, can't complain about the returns I've received thus far. I do believe 30+ is in the not-too-distant future, based on the divi run-up combined with some market uncertainty being quelled a bit, so good luck to all and have a great evening.