Friday, May 07, 2010

High Yield Bond (HYG) and Preferred Stock (PFF) ETFs Crater

The High Yield Bond ETF (HYG) and Preffered Stock ETF (PFF) have cratered over the last half hour, giving up any gains they've made over the last six months and more.  These are HUGE moves lower that came out of nowhere.


No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.