Don't think so. Look at the charts. Every time Bernanke talks to Congress bonds of all types seem to sell off. Then as we get further away from the time he spoke rationality seems to come back in to the market. Because we have so much computerized trading now there seems to be violent swings for a few days after he speaks because all the traders are trying to guess if and when the FED will cut back on QE. The market looks like it could rally tomorrow. If so,you probably won't see any immediate improvement in the NAV of VWEHX. But ETF's like HYG and JNK will rally immediately. But it will take a few days for VWEHX to go back up.
I got out at 6.21 and now I can't get back in for 60 days. So,I'll be buying ETF's until I can get back into VWEHX. I will still get the full month's div with the ETF even if I buy at the end of the month. Quite a nice thing about the junk ETF's as opposed to the mutual funds.
Where do you see it "shooting up" today? It certainly wasn't reflected in the share price ...down 1.48%!!
All good things must come to an end. I will continue to hold out for AGNC because I think it's still got some hope. But the rest of 'em? Put the lid down and bury them deep.
The traders are playing AGNC like a yo-yo right now. We get no definitive move up or down until the div is announced. Untill then,have fun boys and girls. I'm watching from the sidelines. I want certainty on the div before I get back in.
I sold at 30.29 and hated to do so. I will NOT be getting back into any MReit until I know what the div's will be. Of course,the robots and Algo's will be able to buy much faster than I will if there is positive news on the div's,
Right now the traders are just having some fun with this stock. The big question will be what happens to the div? IMO it WILL be cut and then the thing is going to tank. It happened to CYS and ARR when they both cut. But it's a question of how much? However,even with div cuts CYS and ARR were priced up after the initial drops. I guess people looked at a 12% div and said that was pretty good. No,it's not 15% but still not bad.
This is really strange....market +100 and MReit's cratering. Bail us out Ben!!!!!!!!!!
I'll bet you all saw the pre-market today and were going YIPEE!! We're at the bottom. Well.NO!!!!
As Gomer Pyle used to say (and yes I'm old enough to remember him) SURPRISE,SURPRISE,SURPRISE!!!
Wasn't it up .10 today pre-market? And everyone got hopeful that it was at a bottom. But NO! Now it's up after hours and I'll bet you're all smiling.......
Even though I sold today at higher price than where it closed i think AGNC may still have a decent runup to div. Look at ARR. It goes ex pretty soon and didn't lose anything clsoe to what AGNC did.
From now until div announcement expect post subjects like these:
AGNC Going Bankrupt
AGNC Is a Ponzi Scheme
AGNC Will Cut Dividend
All Mreit's Going Under
I'm Out at 33.10
I'm in at 28.93
Price Will Go Under 30 Soon
Short Interest High For AGNC
Massive Put Volume in AGNC