Not really a wish, but his (and others on this BB) estimate of Congress's in-action until 11:59:59 on December 31, 2012, which is now history. Some members of Congress (and the President) say that a deal has been reached on the budget; others say "we'll see". They still need a formal vote on whatever deal was reached at the stroke of mid-night. (Question is: did the Ball drop in Times Square, NY, before that deal was reached?)
Based on this Congress's reluctance to do their job until the "bell" rings for recess --- did they just "graduate" from Kindergarten? --- we should expect to see the same scenario play out on raising the debt ceiling in 1stQ 2013. That will have the same negative effect on AGNC's stock price that the budget impass had in November-December 2012. That will cap any gains to be made in AGNC (either in stock or its options trading ... except maybe in Puts).
Take your Dramamine and hold on for this rocky ride in Q1. After that, we should see some return to normalcy (Norm!) in AGNC.
Happy New Year, everyone (FltNurse is providing the wine from her famous restaurant : )!
Take it in short bursts! Needless to say from premarket today it is looking like a real good day (then again it is premarket). I'll worry about the debt ceiling come march but I agree whole heartily that the wait till the last minute BS will continue and we'll see another dip. If its as predictable as the "fiscal cliff" then it should represent another great buying opportunity.
There should be a nice run today on the good vibes of the latest " kick the can" budget deal. How long the euphoria will last is the question. My " balanced approach" is to get in and out before the reality of a big tax hike sinks in.