If you feel that way, you should sell shouldn't you? (By the way, the dividend was cut 16%) If the dividend is cut 20% more, it would be $0.84 which is higher than some estimates. This would still be a 15% yield. And if the stock price drops as you apparently anticipate, the yield will be much higher. May be a bargain then, unless you think there will be serial cuts. But at some point AGNC will adjust to the interest rate cycle and is apt to see higher margins. I know it looks like the sky is falling, but it is too early to say that it will continue to fall. It may, but that is solely a guess at this point. I appreciate your opinion, but I don't see any facts - only fear.