Market is up right now.. AGNC is down.
I am starting to lose confidence.. last quarter it took less than a month for ANGC to go back to pre-div levels.. right now we are way underwater with no signs of the stock even going back to post div levels ($35.13) anytime soon.
Sold my AGNC recently. I don't like this QE3 at all. It has slowly declined from it's 36.77 to 34.46 right now. I'll sit and watch, but there very well may a big pull back since the margins are shrinking. I don't want to be the last one to turn out the lights.
As is usually the case, Uncle Ben's latest move provided a brief sugar high in the form of a temporary decline in the U.S. dollar (kind of like an AGNC SPO drop!), but the dollar has recovered and is now showing some further strength as Europe flares again and volatility picks up. I have found the U.S. dollar action to be the most reliable (inverse) indicator of overall equity market movement. (I know, nothing stunning or groundbreaking here, but just a reminder of a pretty solid indicator....)