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    • Tue Dec 2nd 04:16 AM
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      Rating: 0 0
      Commented on:
      Real Estate CEFs 'Crushed' YTD 2008
      There is no reason to look like you've seen a ghost when you see leverage. You're not going to "get killed" just because a CEF is leveraged. Leverage magnifies the downside and the upside, that's all. If you think the underlying asset is going up, leverage is good. The banks can't force the CEFs to redeem their preferreds, although many CEFs must do so to meet assrt coverage requirements. This article should mention discounts/premiums. I'd short RFI before I'd buy it.
      View article »
    • Sun Nov 30th 19:04 PM
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      Rating: +1 -1
      Commented on:
      Three Financial Stocks Worth Holding
      BAC paid all stock for Merril, so I'm not sure how it makes sense to say they overpaid--the price has fallen 50%, like their stock.

      Unless you're trying to time the absolute bottom, I don't see much point in buying these things now. They will be in a bottom-ish range for a while, so it's smart to wait for more clarity.
      View article »
    • Sun Nov 30th 01:32 AM
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      Rating: 0 0
      Commented on:
      Merger Arbitrage: Sound Strategy for a Bear Market
      GDL is a fund of merger arb plays. So it offers diversity. It's the same choice you make when choosing to pick stocks or pick a fund. It also tends to trade at a discount (like now).
      View article »
    • Fri Nov 28th 22:03 PM
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      Rating: +1 0
      Commented on:
      A Skeptic on Leveraged ETFs
      As an investor, I'm mainly concerned with biased slippage. If the ETF underperforms in one direction but not the other, then there is a change in the risk. If the mis-performance is equally bearish and bullish, I'm not so concerned.
      View article »
    • Thu Nov 27th 08:19 AM
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      Rating: 0 0
      Commented on:
      Merger Arbitrage: Sound Strategy for a Bear Market
      You can also play merger arbitrage through GDL. But, I'm not sure how much opportunity there is when there's no credit in the world.
      View article »
    • Fri Nov 21st 09:24 AM
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      Rating: 0 0
      Commented on:
      Preferred Dividend ETFs: Shelter from the Storm?
      Why do preferred shares even exist? It just seems like a way for companies to borrow money without having it show up as debt on the balance sheet.
      View article »
    • Wed Nov 12th 23:08 PM
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      Rating: 0 0
      Commented on:
      Those Who Can, Invest in the Educational Services Sector
      CAST is dirt cheap.
      View article »
    • Sun Nov 9th 05:51 AM
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      Rating: 0 0
      Commented on:
      Trading Obama: Solar Stocks, GM Debt, Ambac Calls, Lorillard and Goldman Puts
      GM is not remotely close to being "America's biggest industrial enterprise." It is dwarfed by GE, for instance, on assets, market cap, or any other measure.

      Forward PE's are nearly meaningless at the moment. Pay attention. If forward PE's were accurate, the market would be where it was 3 month ago.
      View article »
    • Sat Nov 8th 17:15 PM
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      Rating: 0 0
      Commented on:
      CEF Muni Price Relationship with Muni Spread Highlights Current Wide Divergence
      What kind of munis do the CEFs hold? General oblifgation, insured, etc.?
      View article »
    • Fri Nov 7th 18:52 PM
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      Rating: 0 0
      Commented on:
      Laws of Closed-End Fund Investing Suspended?
      I don't see info at that site that gives the average discount for all closed-end funds.


      On Oct 29 11:41 AM Cefa wrote:

      > Go to cefa.com - for discount and CEF info.
      View article »
    • Thu Nov 6th 18:33 PM
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      Rating: 0 0
      Commented on:
      Bullish Outlook for Preventive Medicine Companies Reflected in New ETF
      Not so sure about lab companies. They do a lot of employment screening ("pee tests"), and employment is very weak.
      View article »
    • Wed Oct 29th 10:01 AM
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      Rating: 0 0
      Commented on:
      Laws of Closed-End Fund Investing Suspended?
      Where do you find the average discount to NAV, as mentioned here: "the share price discount to NAV for the CEF sector is -14.5%"?
      View article »
    • Sun Oct 26th 18:17 PM
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      Rating: 0 0
      Commented on:
      14 Beaten-Up Financials That Now Offer Real Value
      Looks like UCBH is the pick of the litter, based on a brief review. Anybody follow it?
      View article »
    • Sat Oct 25th 17:48 PM
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      Rating: 0 0
      Commented on:
      Time to Short Airlines as OPEC Cuts Crude Output
      A technical trader whose main argument here is about demand and OPEC cuts.... mmmmm. Calling the airlines' attempt to come off their lows a "huge sector rally" is silly.
      View article »
    • Fri Oct 10th 01:53 AM
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      Rating: 0 0
      Commented on:
      Four Ways to Protect Money During the Fallout
      Source? "What’s more, most experts are forecasting gold prices to rise at least another 75.6% by the end of this year."

      No mention of staples or health care.....
      View article »