Of course he didn't say when.
Methinks Schilling and Icahn should be indicted for attempting to manipulate the markets thru the media.
Something else to consider is that the fund went ex on 7/9 After the people lock in their div they sell and wait until it gets about a week before the next div. Then they start buying again. In the interim the fund can drop a lot.
Also,it doesn't help when Carl Icahn gets on CNBC and says that hi yield bonds are in a bubble and will take a 30% haircut. Unfortunately,people listen to this manipulator and sell. Of course he's probably sitting there shorting hi yield. The SEC should investigate him for all his tweets on Apple,Netflix,etc. He does move the market with anything he puts out there for mass distribution thru the media.
In the meantime boobie please pour me another snapps and get me some wine and cheese. How about an expresso for my friend Francois too? We Europeans really know how to party,don't we?
Who cares if we are the laughing stocks of the world. Maybe we need another referendum to see who gets driven in the Mercedes back to the hotel. Yeah,that's why we are called Euro's. Because we ain't got any more.
I'm old too but I know enough that I have to put my money in something that gives me a nice div every month. The other old fogies just want to sit in their rocking chairs and not have to worry about their money while it's all in a bank somewhere.
Remember,if you want to eat well you won't sleep well.
What a bunch of morons you all are. Telling us the div was not sustainable,they don't earn enough to cover the div,etc.,etc.
Get a life. I'm crying all the way to the bank!!!!
Gotta love this market,eh?
It just went ex on 6/26. People get out after ex date and won't hold thru the month. Funds are employed elsewhere. Then a week before the next div people start piling in and the price goes up......assuming the stupid FED doesn't keep talking about raising rates. Already we see mortgage rates going up and the housing industry is starting to feel it. But the FED doesn't seem to care. They insist on normalizing so they can lower rates later when the economy is in recession. Sure doesn't make sense to me.