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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: orkrious who wrote (165941)5/15/2002 9:37:31 AM
From: reaper  Read Replies (2) of 436258
 
Ork

NLY is a spread trade, not a yield-curve slope trade. Fleck is wrong.

NLY is a hedge fund where you can buy in at 150 cents on the dollar. I'm pretty sure you can buy Buffett's investing prowess cheaper than that (i.e. at a smaller premium to book). Heck, you get my investing prowess for free <g>

Cheers
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