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American Capital Agency Corp. Message Board

  • dr_klumps dr_klumps Jul 24, 2014 2:58 PM Flag

    Time to lighten up on stocks ?

    I think it is. If market starts to slide, almost all of the trading volume of past two months was existing bagholders, very little new money coming in. The lack of new buyers, could signal a downswoon, if existing bagholders don't step up and start levering and margining more, otherwise the bull market has lost it mojo. All you need now is a feeling among fund managers that this is the TOP and it would be wise to take some chips of the table at the new highs.

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    • I did that. I sold most everything. I am now about 80% cash. The issues I was concerned with that lead to this probably do not affect AGNC. AGNC is its own beast dependent on future interest rates only. The economy could be crashing and if interest rates are going to go down then it will go up.

      That said, I would not base my investment strategy on interest rates going up. Fed policy has gotten very political under Obama. You would be investing based on political outcomes. That is not something I want to try and predict.

    • Did it dr_ Fed can't print funny money forever, even if America's unaccountable politicians need it for vote buying & re election!

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