THIS SP. WILL FALL BELOW BOOK. $28+CHANGE....AND WILL TRADE AT $27.50 BY MY DD. AND HIST. VALUES.
The bubble is over. the jig is up. I warned all here fundamentals would take over.
and we are currently in a rolling correction as i posted a couple weeks back. proof. see chart for p&g, cat, oii, and many others....reits are going lower!!!!! As will the gen. Market!
with mreits marking to market according to law, there is always a monthly/quarterly 'bubble is over'. You aren't even using the term bubble correctly here. Investors are calculating expected dividends, expected book value and spreads and risk and QE ending etc... all of those things are poking your bubble millions of times per day.
For example, the instantaneous correction based on new book value of AGNC as soon as it was released. There was no way else to correct other than waiting for the news.