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What Up MB?/Current State of Affairs

Posted on 11/13/12 at 9:55 am
Posted by greenhead11
Member since Feb 2012
922 posts
Posted on 11/13/12 at 9:55 am
So i've basically been living under a rock for the last few weeks- someone told me there was this election or something?

Anyone know what has happened to some of the mREITs? Spreads getting squeezed by Fed MBS purchases? NLY has taken a hit!

Anyone else raising some cash in case we go off the fiscal cliff? Or putting new money to work?
Posted by ynlvr
Rocket City
Member since Feb 2009
4591 posts
Posted on 11/13/12 at 2:15 pm to
Dumped NLY at peak but held on to AGNC all the way up and now down. Fricking Fed killed the cash machine.

Scared into inactivity. Sitting at about 40% cash hoping to read the tea leaves right for entry. Looking for a sharp drop to signal a buy. But I'm also expecting lift off when Washington makes a deal. Too much political intervention causing symptoms of schizophrenia in this investor.
This post was edited on 11/13/12 at 2:22 pm
Posted by greenhead11
Member since Feb 2012
922 posts
Posted on 11/14/12 at 1:34 pm to
I should have seen it coming honestly. MTGE who is more of a hybrid REIT is getting hit today. Both of these I use as cash generating machines. I need to do a litte research but I'm starting to think NLY at $14 is overblown
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
39961 posts
Posted on 11/14/12 at 1:46 pm to
I'm waiting to hear what Baylor's buddy is doing.
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