I don't understand why MBS rallied toward the end of day. TNX closes up and the NFP data is better than expected. This crazy market is so hard to understand.
4 more mREIT stocks reaching 52-wk low today. I doubt the bottom is in. It might drop further as the next FOMC meeting approaches in mid Dec.
That's a relief! Both ARI and MITT maintains Q4 dividends. I hope this is a good sign for other mREIT.
I agree 100%. I wish all the Fed officials just shut their mouth and do whatever they need to do. The constant mixed messages are beyond annoying.
IWB, if you really think the 10 yrs jumps that much by Friday, why hold any REIT shares now? Wouldn't you be better off selling them all and wait for cheaper buyback?
Those NLY shares might part way before the Turkey is carved. LOL!
IWB, wouldn't it be better to put all your eggs in one basket via REM? At least you are diversified in mREIT and the annual yield of 14%+ is not so bad. Seems to me throwing everything in one company is rather risky.
IWB, you change your mind faster than girls change their clothes. LOL!
Another day, another 52-wk low for AGNC and NLY. :(
The talk of tapering started couple quarters ago. It went from taper on to taper off and back and forth. During these times, REIT stocks such as NLY continued to make new 52-wk low. And just couple days ago NLY made another 52-wk low as tapering talk resumes.
IMO, it is safer to put all the eggs in one basket after tapering. You know the market has always been irrational. Thus I don't think anything is priced in.
According to the latest FOMC meeting, they might taper QE in Dec or Jan. At the same time, the near zero interest rate will be kept for a while. ZIRP policy enables banks to pay peanuts for their customer deposits. Meanwhile, tapering allows banks to make more money on the higher interest rate.
Seem to me this is a win win situation for the bankers. Should we assume even bigger profits for them in 2014?
I sold most of my NYMTP shares on Friday. IMO, the best time to buy is weeks after the ex-div date. That is when you can pick up bargain pricing. Several days ago, NRF.D dropped as low as $23.04.
NLY insiders have also been actively buying the shares. The President bought 100K shares at $10.43.