A week like we have seen in the market provides so much information for analysis that it's hard to know where to start. There's no doubt that we now have boatloads worth of material to research, and we've clearly set a new bar for comparisons with future market moves. Two investments that have quickly turned higher following the drastic government measures to get the markets functioning again are preferreds and high dividend paying stocks. Below we highlight the performance of PEY (dividend ETF) and PFF (preferred stock ETF). As shown, PEY is up huge over the last two days, and it's up 65% since July 15th. PFF is up 23% from its recent low. Along with most corporate bonds, preferred shares, especially financial preferreds, were falling like nothing ever seen before earlier in the week. Now that the government is hoping to take all the bad debt off of these firms, it's not surprising to see their preferreds move higher.
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