mavericks

Obama's Role in the Market's Next Breakout

If Closed-End funds are any indication of where the market is going...and quite often they are...then yes, we are due for a big move. I follow alot of CEF's and the moves they are making from 20%+ discounts a few months ago to PREMIUMS, some very large premiums...is astounding! I've never seen this before and its across the board it seems.

What's interesting is that it is the LEVERAGED high yield, preferred stock, loan participation, muni and utility funds that have made the biggest moves. I don't know what's going on but but somebody is anticipating higher prices down the road because the NAV's have NOT kept pace so far.

You can check this out by going to...

www.etfconnect.com/sel... and selecting 'premium'