It doesn't matter what the quality is. The seed of worry has been planted and now it is starting to grow in earnest. The exit doors are wide open and money is flying out of junk. BUT it does mean a terrific buying opportunity similar to March '09 IF one is able to get in at the bottom. Whether that's $4.50 or $4.95 no one knows. I'm out now and just watching it crash.
Seems to be. The question is this: Is it worth hanging on while the NAV drops just to keep getting the pretty good dividend yield. I don't know the answer but am getting more nervous by the day as we see endless decline in NAV. I've been for over one year so there is no penalty to selling. GLL