Kent, maybe you can post the name of your insurance carrier. It sounds like they're giving you a terrific deal. I would appreciate any info you can provide. One thing is for sure. My carrier, Anthem BCBS, has doubled my rates and added a $500 deductible. I'd really like to call your carrier and see what they can do for me. Thanks again.
Don't feel alone. My health insurance rate with Anthem BCBS is doubling and a new $500 deductible added. Never had that happen before.
Brk, not quite. I never posted such an evaluation of the stock and followed with a conclusion. I'm just a simple guy trying to make a buck, and I appreciate everyone's opinion. All I can offer is this. QE could very well inflict a whole lot of pain on NLY investors. Then again, NLY management may very well be able to navigate these waters and steer the company to great profits. Nobody frigging knows at this point. Its a #$%$ shoot. There's no vice versa here. Its a risky time and shareholders could just as easily profit as lose their posterior. We just have to wait and see. Its a #$%$ shoot until we see how the Fed policy and the economy continues. I wish there was a vice versa. But a lot of people have a lot invested in this company, and there is a lot to win or lose. Very unpredictable times. No real solid guidance at this point that I can see. I'm like you. We bet our money and we take our chances. You have a nice day.
I trimmed my shares of PMT by around 50% today. Did it because I have no idea what the Fed is doing and how it's going to impact the real estate industry. Good luck to everyone .
Drex, big banks like Bank of America and Wells Fargo have announced big layoffs in their mortgage departments in the last few days. All due to a drop in home sales. This doesn't bode well for REITs like NLY. Its got me concerned. I dumped some of my REIT shares a couple days ago during the big jump in the Market. If things don't start to improve in the next few weeks, I will continue reducing my position in REITs during any run ups. Also, the fact that the FED decided not to taper QE also indicates that our economy is in a lot worse shape than folks thought. I'm concerned about my investment in NLY. The latest drop in dividend to .35 cents is just another bad indicator. The negative indicators lately on the housing and economy are the latest changes that have me concerned about NLY. I can't afford to get burned at my age. That is why I have begun a gradual exit strategy with the REITS. I sure hope I'm wrong, but its not worth the risk to me at this point. Let's hope we start to see some daylight. Good luck investing.
Michael didn't have to deal with the implied reduction or elimination of QE. You're comparing apples and oranges. The Market has been conditioned to compare QE reduction to REIT loss in book value. This has been going on for months with REITs losing up to 35% share price since the beginning of the year, without any easing at all from the FED. Its all anticipation. One would think a reduction in easing is already baked in, but who knows. If you still own REIT shares, especially NLY, I would hold for now.
Apparently, the rally is not starting today. Technical difficulties, maybe?
Monique, I think you picked an odd time to sell, but who knows? Maybe you made a great move. Anyway, the stock is popping today with news that Summers won't be replacing Bernanke. The whole Market is taking off. Regardless, good luck with your investments.