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American Capital Agency Corp. Message Board

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  • beta_klumps2 beta_klumps2 Nov 7, 2012 3:08 PM Flag

    calling the bottom, any TA guys have a notion?

    Be careful, the FED policy response is to push interest rates lower on the long end and raise interest rates on the short end. Their goal is to kill the yield spread. This policy is like kryptonite, the longer it goes, the worse the victim will get. These guys did this in 1972 and 1973 and the Mortgage REIT business Associated Mortgage Investors and Atico Mortgage Investors (of Miami) were killed, down to zero or off 90-95%. I was surprised to see this hover around $36 after helicopter BEN announced quantitative easing until infinity, until infinity I think means when the Mortgage REIT's go to zero. High yield investments are high risk, especially when they involve high leverage.

    Sentiment: Strong Sell

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