I got out of both many moons ago. However,it's encouraging to see one of these Mreit's maintaining. The fact that AGNC still hasn't announced is worrisome.
That is all. Back to bed.
......that a budget deal gives the FED a green light to start tapering next week. Futures WILL be negative by morning. The market realizes that the era of free money is coming to an end and the economy must stand on its own two feet without help from the FED.
A budget deal will just give the FED more reason to taper next week. Then watch the market take a nose dive as the 10 year heads beyond 3%. Better unload now!!!
Hey nerd what are you talking about? You call a +9 on the Dow futures a BIG move?
In any case,futures mean nothing.....even at 6am. Remember today? They were up two hours before the market opened and look where it closed.
The FED is nuts. I've had it with them. Great jobs report. So what do they do? They buy billions on bonds last Friday to keep rates low. Oh and don't forget Ben said last May that taper is coming in September. But they fooled everyone again. NO TAPER!
I will never buy a bond again until the FED finally does a taper. Put up or shut up Mr. Fed.
Happened in November right after the euphoria from the great jobs report waned. The FED bought bonds Friday to keep the 10 year from skyrocketing. They can't do that forever. Probably will get a 3% 10 year this week and then watch out below.
They had advance info on the jobs report. They knew it was a great report. So,to keep rates from goig to 3% they bought bonds. And you think they want to taper? Ha! They are scared to death of what will happen if they do.
What is wrong with this picture? Some say the FED went in today and bought a bunch of bonds in anticipation of a great jobs report to keep rates down.
Yet,AGNC is way down. Any thoughts?