Not doubting you - but could you please let us know the EXACT date when Yellen said/or backed up the commitment to "FED will concentrate on new strategy to return wealth to those whose wealth was decimated by the FED's policy the last 4 years".
He did time the SELLING of MREITs correctly at least - he should have used that money to buy the S&P - but if he did all the right moves - he would be billionaire by now. Wouldn't he ? That's why it will take him up to next decade to become a billionaire. Ha ha ha !.
Message Board postings SHOULD NOT be used to figure out whether and when a stock should be bought. It SHOULD be used for getting additional info/something being pointed out that you might have overlooked. Another point of view is always useful - after all NOBODY is super smart. Otherwise - we all would be very rich by now.
If I could say the bottom, I would be very very rich by now. But one thing to keep in mind ( in all this excitement about bounce back ) is that MANAGEMENT of all MReits ( especially AGNC ) is buying back their stock ( thus supporting the stock price ) when they are selling at a 10% or more discount to BV. The big question is - HOW LONG can they KEEP DOING it ? It takes a small matter of a thing called CASH to do that after all !
So I would try to NOT get TOO EXCITED about these bounce backs. I would rather keep a close eye on the earnings and interest rates and MBS prices - just my 2 cents.
Good point Mrs Bonehead, but if you use your bonehead, you will see that the dividend then dropped like a rock from 35 to 10 and in the next quarter stabilized at 10. So even before the market had time to FULLY adjust to the DIVIDEND DROP( NLY had already dropped from about 19 to 11 - how much more drop can one expect in 6 months anyway ? ), the dividend had stabilized. But this is like water torture - and will continue ? Who knows.
Anyway - my advice to you is grab all the NLY shares you can get hold of with your two hands on Monday.
When dividends came down at various points in the last 3 years, this is what people said -
75c to 65 - NOT as BAD as expected
65 to 60 - NOT as BAD as expected
60 to 55 - NOT as BAD as expected
55 to 50 - NOT as BAD as expected
50 to 45 - NOT as BAD as expected
45 to 40 - NOT as BAD as expected
40 to 35 - NOT as BAD as expected
and now 35 - 30 - you guessed it, ding, ding, ding - NOT as BAD as expected