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Current price to book is 1.20x. The highest is 1.24x in Sept of 2009. Using the current BV and the highest price to book ever recorded yields a price of 36.12. After that is uncharted waters.
Sept. 2009. Lets see, didnt something bad happen then? No. A DISASTER happened and we could be getting set up for another one.
3/2/09 S&P 500 683.38 AGNC 14.738/31/09 S&P 500 1016.40 AGNC 25.43 9/7/09 S&P 500 1042.73 AGNC 27.119/28/09 S&P 500 1025.21 AGNC 27.32From Yahoo chartsDisaster??????