Why is this down so much today? I wonder if people are reacting to the Forbes article about AGNC and leaving JMI for AGNC. One of those articles that puts a "?" on the end...
eugene, you should stick to mutual funds. you are the worst investor i know. Every single think you try to pump ends up getting flushed down the toilet.
take my advice and don't play with the big boys
Exactly, if my hunch that people were fleeing because of a piece about AGNC being below secondary, JMI is also, yes, perfect point. So confusing this mREIT sector and the way people react.
Honestly this is unbelievable.
*Fed starts QE3, crushes mREITs,
*Fed to stop QE3 crushes mREITs,
*Fed comments to possibly start tapering QE3, crushes mREITs,
*Fed comments to continue QE3, crushes mREITs,
*Japan up, crushes mREITs,
*Japan down, crushes mREITs,
Never seen something like this where no matter the news, the reaction is panic.
for your first four examples, the sector does best when interest rates are moving slowly. unpredictability is bad.
the last two are coincidence, and pretty much all AGNC's fault. a bad quarter and no dividend declaration yet are dragging every mREIT down. even those who are maintaining their divvy.