Seeing the equity markets up this much today you have to know this is a bear market rally.
We have little knowledge (and the knowledge we have is suspect) on the extent of economic damage to the economy–but I guess it is ‘party on’ for the computers.
I just recapped the mREIT preferreds last night and today they are rocketing with some up 100%–this is the time you wish you had more than the 200 shares I bought. I won’t chase too hard here–they are bound to set back after today–and more as reality sets in.
I did nibble the Invesco Term Trust (IHIT) today as I bought some at $7.60 yesterday but today it was lower so nibbled a bit more.
I also nibbled more of the Gabelli Multimedia Trust 5.125% (GGT-E) perpetual.
So with a couple little nibbles I am done for the day I think. Better opportunities are ahead.