Markets up; REITS up 10+%

REITs:

AGNC    $29.77          + $3.04       +11.39%

CMO      $12.86          +1.41          +12.31%

CIM       $3.16             +.31            +10.88%

IVR       $18.69            +1.74          +10.27%

ARR      $7.58              +.54            +7.67%

Closed End Funds:

GNT     $16.25            +.664          +4.26%

NCZ     $7.99              +.34            +4.44%

NASDAQ  $2482.52   +124.83     +5.29%

Commodities:

11:06pm CTS

Silver $38.25

Gold  $1757.10

WTI Crude   $82.05     +2.75         +3.47%

$$ Index  73.988        -.617             -.79%

Chart for CIM insider buys, on 2011-8-3 200,000 shares were purchased by insiders.I think CIM is safe to buy now in the low $3 range.The NAV is $3.08, the book value is $3.35

AGNC 2011-8-9 1 day chart to close

AGNC  3 months to 2011-8-9 (Etrade Charts)

I decided to take more cash out of my portfolio so I sold the Closed End Funds. I took about half of the money and put it into REITs  and left the rest cash. Right after that the FED announced that interest rates will stay down until 2013 because the economy is so slow in recovering. That news caused all the REITs to go up even more at a steeper rise.  NCZ closed at what I sold it for and GNT only went up a little, the NAV for GNT  is $ 15.92. Etrade lists GNT as a 40 risk but the performance is not as good as it should be.