The number of investment grade preferred stocks selling for a market price below $25 is now at 98, over quadruple the number of choices that were available a year ago. Last year at this time preferred stock investors were faced with extremely high prices, primarily being jacked up by the Fed's QE bond-buying program and fears in Europe that central banks there were going to start grabbing citizens' savings accounts (which they had just done in Cyprus).
But since then, the Fed has started backing out of our market and preferred stock investors are no longer hanging on every word whispered by Fed officials, trying to second-guess what's coming next...
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But since then, the Fed has started backing out of our market and preferred stock investors are no longer hanging on every word whispered by Fed officials, trying to second-guess what's coming next...
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.
