07-06-2013, 11:30 AM
What's interesting about what's happening to NLY (graph) is that it seems to be reacting OPPOSITE to the Case Shiller Index (graphs). Case-shiller is indicative of what's happening to housing prices across the country and NLY is a complex REIT, but is there a connection? As housing prices in the country go up, REIT's go down? Why?