No bad news, so why the panic selling this morning.
Sentiment: Strong Buy
No panic selling. It just went down a little in the end. Mreits will continue to show some volatility until they show they can consistently maintain their dividends and BV.
bernanke must have broke wind again.
I believe it's end of month shuffling. I put in a large buy order, without selecting all or none and it filled the entire lump sum. Somebody's off-loading shares before the month closes.
Yeap, CYS just caved in too!
I asked the same question, nobody's replied yet.
I guess no one knows. MBS prices are up slightly this morning, and 10 yr is holding steady. Just the long weekend, I guess, like Iguana says.
Could just be a Friday profit taking, going into a 3 day weekend…?