Preferred stock market prices have returned to their pre-QE2 level, an event that many preferred stock investors have been waiting over two years for.
Last Thursday, the day after the latest Federal Open Market Committee (FOMC) meeting, high quality preferred stocks closed at an average market price of $25.33 per share. The average market price of such securities in November 2010, the first month of phase 2 of the Federal Reserve's Quantitative Easing (QE) program, was $25.35.
Savvy preferred stock buyers have been waiting to see a list like this for over two years...
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Last Thursday, the day after the latest Federal Open Market Committee (FOMC) meeting, high quality preferred stocks closed at an average market price of $25.33 per share. The average market price of such securities in November 2010, the first month of phase 2 of the Federal Reserve's Quantitative Easing (QE) program, was $25.35.
Savvy preferred stock buyers have been waiting to see a list like this for over two years...
Note To Readers:This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
Receive my Seeking Alpha articles by email: When viewing one of my articles at Seeking Alpha, click on the "Follow" button under my picture. You will be notified by email when I post a new article to Seeking Alpha.
Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
