Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: ild who wrote (42327)	12/8/2005 6:10:27 PM
From: chainik	Read Replies (2) of 116555

Ild, I have practically no experience with closed end funds and noticed that at some point you were short JOF when it was traded at a huge premium to NAV. Is there any rational explanation why the premium was so big? Before introduction of GLD, I found it useful to check premium/discount of CEF. Do you know whether anybody is using systematically these type of data for contrarian purposes? I am thinking about buying FVL (First Trust Value Line 100 Fund) which is traded at 13% discount to NAV - as an alternative to Hussman (g). IMO the big discount reflects the willingness of market players to speculate on AAPL GOOG and the like and to stay away from safer choices. When the s**t hits the fan, the discount is likely to evaporate. OT I recently sent a silly joke about xxxx to my Russian classmate who lives in US. She was sooooo pissed off (g) I don't like the jokes about xxxx because they remind me anekdots about Brezhnev; for good reason, unfortunately.

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