Wednesday, June 12, 2013

Preferred Stock Buyers: Time To Start Paying Attention

The Fed's monetary policies have artificially inflated preferred stock prices for the past year or so. Understandably, those who have paid these high prices are very sensitive to any sign that the Fed is going to back away. On May 30 we got a rare chance to see just how sensitive this group really is. The May 30 event resulted in 34 call-protected high quality preferred stocks trading below $25 per share compared to just nine on May 29...

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