An unusual opportunity has arisen to buy attractive oil MLPs and high yield at a deep discount. If you subscribe to the hypothesis that oil will not stay this low forever and the U. S. economy will muddle through, it is time to step up and grab these opportunities.
The opportunities I’m referring to are in closed-end funds.
Closed-end funds trade on exchanges just like ETFs. The difference is that unlike ETFs, closed-end funds have a fixed number of shares. Therefore they either trade at a premium or a discount to net asset value. In contrast, ETFs can add or reduce shares and thus eliminate discounts.… Please click here or the title below to read more.
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According to the fourth quarter China Beige book, a private survey by a New York based outfit, economic conditions in China are much worse than the government issued numbers. This is consistent with our analysis. We have been sharing with you for years that official economic numbers released by the Chinese government are suspect.
Kuroda of Bank of Japan produced a stunner by expanding QE to a large number of ETFs beyond bonds.