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American Capital Agency Corp. Message Board

  • yourbestfriendintheworld yourbestfriendintheworld Nov 13, 2012 12:01 PM Flag

    NLY started this

    NLY decided Agency MBS weren't good enough, and bought Crexus to increase their risk. Then the analysts agreed and downgraded NLY, and the market is taking it as a blanket downgrade of everyone holding MBS.

    Or, more likely, one of the major investment banks has decided its risk on mREITs is too high and it's dumping.

    There's talk about Greece, but US mREITs are a hedge for that, not synergistic.

    Just looking for a bottom here.

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