The powers that control the market are keeping this down so they can purchase after the loss write off that how the market works the little guy sell low and buys high and the buys sell high and buy where they have driven the
I was talking about an institutional fund, such as, Fidelity's Equity Income fund. YTD +24.59%__you do not think that is an outsize gain? So since they owned some mREITS, odds are some of their shares have losses. They would have been selling them off to mark against capital gains. They are required to pass on gains to shareholders so they commonaly sell off losers. FEQIX had a year over year turnover of 53%
Didn't realize that Mreits were an extremely overly leveraged toxic derivative... so small moves in rates and now Merits are basically bankrupt.. Genius trading instrument..
I called it, It did it's bounce to slightly higher than 20, now the plunge! 20 just won't hold support, it's straight down from here because the big boys are selling. That's vanguard, fidelity, blackrock!
BDC's as they lend money to mid and small cap companys ON ADJUSTABLE RATE loans as the rates go up so do thier profits. The best way to play this sector is through an ETF that covers all the BDC's and is levered 2 to1 which yields a whopping 14% and dividend have grown over 12% year over year. Ticker symbol BDCL BDCL BDCL!!!!