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.
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.
Of course he didn't say when.
Methinks Schilling and Icahn should be indicted for attempting to manipulate the markets thru the media.
My point is that shorts like you keep predicting a cut in the div like it can't be sustained. I sure don't see it happening.
Then raise rates!! Things are oh sooo good in the economy. Let's see everyone's 401k get bombed back to 2008 levels. Yeah,that's the spirit. These low rates just aren't normal.are they?
Sorry shortie. FED knows the dollar can't go up any more than it has. No rate increase. But keep dreaming.
She is so disappointed the FED didn't raise rates. She said on Fast Money "the FED CHICKEND out" because they didn't raise rates. Typical of the Asian culture.....they love to see people suffer. Sorry Mel. It didn't happen today. Why don't you go home and start pulling the wings off of flies to satisfy your craving for inflicting pain on others?