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American Capital Agency Corp. Message Board

  • munhoi munhoi May 5, 2013 11:14 AM Flag

    not just mReits , I believe the whole Reit group , ie retail, healthcare, office, mortgage, industrial will correct

    expectations , leverage, and risk have gone past the bubble stage, reality like AGNC will sent the whole MSCI Reit index for a furious 2 week correction , then it can stabilize and move back up again

    this happens just about every 9 months and were that correction point starting monday

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    • nickspinner May 5, 2013 12:40 PM Flag

      So, like, crud like Netflix isn't in a bubble? The market as a hole is hugely overvalued -- massive correction coming soon, to which mREITs will be immune.

      Sentiment: Strong Buy

      • 2 Replies to nickspinner
      • The market isn't that overvalued. Maybe not overvalued at all. It's just up a lot since it got clobbered in 2008. It's actually reaching pretty normal historical levels. the djia is not a very good indicator; it's a far too arbitrary selection of companies and far too few of them.

      • nickspinner,
        I disagree with "immune". A bomb goes off in the street, the market crashes, why? THey aren't correlated, the bomb doesn't affect mREITs, doesn't affect Ford's ability to produce cars, etc.... Yet the market tanks.

        People are irrational. Many studies point to 80% of stocks correlating almost perfectly to the overall market. 20% correlate to a lesser degree.

        Market up 1%? All things constant, AGNC will be up .5% to 1% as well. Corrections follow.

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