Old saying, 'the trend is your friend'! In the case of a bear run like this and buying into it, your just asking for more added pain. The Fed has now put it's cards on the table and bonds are getting creamed (higher rates). It's going to be nothing but more drip drip bad news for the reits at least for rest of the year. When agnc broke the
$30 number, everyone should have been looking for an out. Getting married to a big dividend and forgetting the share price is a huge mistake. This fall has no breaks, and thinking you can out smart a bear trend just means your going to get run over. Cash is king here, and time to cut losses was early in May. By years end we just may be under $20.00 and it still won't be a bargain until the trend changes, You don't have to be an expert, just look at the chart. Times have changed!! Those who say buy, strong buy, etc are doing YOU no favors.
Very bad move. There is a stampede to short the 10+ yr treasuries as a hedge, by funds, hedge funds, people sitting in cash, etc. China and Japan and others who hold US treasuries are dumping too. This is going to swing enormously way over, tsunami reaction to the sell side. I think BV got knocked down 9-10 bucks, meaning it may not even be $20. With QE leaving, these REIT's will trade at 60-70% of book, like banks after subprime bubble burst. Get out before divy, get out in first seconds of trading on Monday.......THIS IS NO JOKE OR BULL.