Somebody stop the pain.
I think Clay is right on.Bear in mind that CIM differs from most mREITs because of its high percentage of non-Agency debt and, despite lower leverage, the debt crisis is spooking sellers. I see this as a buying opportunity.
ANY explanation for why CIM continues to drop much faster than the market and other mREITs? This really hurts!
To point out the obvious, more sellers than buyers..
Yep... Perception (real or otherwise) of a riskier portfolio... combined with irrational level of fear... produces greater volatility...Also produces potential for higher gains... I'm in for 33% more today...
Like I said before, as long as the national debt issues are not addressed, the market will sell off.
But once again, CIM is getting hit a lot harder that competing mREITs.
uh...the market is fine. It's CIM that's causing the pain. I lot of people are throwing in the towel.