  American Capital Agency Corp. Message Board    • raybans2
raybans2 Jun 19, 2013 3:36 PM Flag      I can only speculate
that ...      the market tanked today because it was expecting
that tapering by the Fed would confirm that the economy was
improving and the fact that they chose not to taper means we are
still in terrible shape. I'm not sure if the AGNC's decline is a
reflection of this. I suspect that it is getting pulled down by
the entire market. However my TMV hedge is working. It cancelled
out my AGNC losses almost exactly. At some point I have to
decide which of the two I want to sell. TMV if AGNC starts to
look better, or AGNC if it looks like long term interest rates
continue to rise regardless of the Fed’s efforts.      I think
it is starting to become evident even to Keynesian diehards that
stimulus alone does not a good economy make. We also need
leadership from the white house. And good intensions are not
enough. We need someone who actually understands the economy and
not charitable giving. Yo