Bargain hunting

[drsteph]

Anyone checking out the carnage in the CEF's? Nice discounts appearing as folks puke out of levered stuff.

Just as an aside, CAF went this year from a sweet 30% discount to about an 8% premium while $33 was defended. Valuations now approaching the reality of the SSEC.

Anyone else starting to dip their toes in here as well? (on the off chance that we avoid a total financial meltdown)

(disclosure: long small JHP, MGU, BGR, ADX)

 

[drsteph]

psst. look at the discounts.

If u got cojones of steel (and aren't afraid to average down), look and see.