We have perhaps two weeks of up market with additional tailwind and then the downward move in anticipation of the Sept Fed announcement. Rinse and repeat each month until rates rise and we figure out its not so bad after all .
" The Janet" is might concerned about her job in 2017. But all Progressive political hacks seem to land in think tanks and academia between government gigs.
GLAD reported earnings with excess NII to cover the Dividend and a increased NAV. If PSEC can gets the Spins out of the way and perform like GLAD for two Qt we will be back near $10-$11. I shall not hold my breath.
So it looks like the can is kicked down the road to September. From a rudimentary news read i did not hear anything new. My BDC recover part of what they lost the last month. Oil is doing well at least until the Saudi cab driver that started the oil production cut rumor is apprehended and executed.
I have traded MLP in a IRA for many years with no issues. A large MLP position held long term in a IRA might be a issue when sold. I trade many MLP in a IRA for many years and have never had a positive UBTI. The line of thought is 99 1/2% shorty BS.
I like low sevens better than high sevens. Have a little GLAD but offer no opinion. Gladstone is a little close to the cuff with information. The earnings and Fed announcement today increase the risk. I might check on the close and buy a big drop if any.
I goofed up putting in the order for $6.92 I punched $7.92 and it filled at 7.02 on the open, sold at $7.10 taking another much larger 8 cent Divy . Reinstated the $6.92 bid. Might get a am tall Dos XX Amber Draft to celebrate.
The smaller the better with FSC and PSEC. There are better BDC out there, but they cost more and if they stumble they will be in the chitter with the dregs in a flash. Aren't you glad you sold some GILD? I don't plan to hold but I expect to trade it each QT around earnings.