Exactly- over time, the premium will go away. I estimate the NAV closed 1.92 today, ouch!
NAV was 1.96 at yesterday's close so it should be 1.95 after today. You're paying 2.08 for something worth 1.95 and dropping.
a single penny!
2.03! Every penny a new message all the way to 99 cents lol. If they do 1:10 reverse to keep it listed I will bump every dime. LOL.
Times change though. Fed has never had this much power. I agree it will be a disaster for the *real economy* in the long run, but not sure about the stock market. We are seeing a decoupling between fundamentals and stock prices that could be permanent.