12 seems to be a bottom plateau look at 2001 and 2008
Look at a long term chart it's been down before and holds at 12 in much worst situations . 12 will hold and it's up from here . I think in this case things are much better then 08 and we are way oversold
0n 9/18/09 NLY topped at $18.75. Since then it has paid $9.43 (50.3%) in Dividends for a net "cost' of $9.32. It's current at $12.13 .Earnings will go up and dividends will follow and you'll see the stock price follow as day follows night. From a l o n g t I m e and substantial investor.
If we go into a recession well then interest rates will definitely not rise, but actually fall. Interest rates do no rise in recessions that would be suicide and a straight path to a depression and economic destruction, the govt would never let that happen. As far as I'm concerned we are no where near tapering the economy is weak and bad and interest rates will not rise for a long long time .
Agreed. Too bad I have 30k in this at $15 and out of money. Gonna take awhile to get back to even but I'm patient. Hard to believe we got this low. This is a quality company with a great dividend(best in class)