Just when you feel -hmm maybe I was right after all the market does one of these breathless runs for the highs...Did anything great come out this morning? NO!!! Ill say it till Im blue in the face the ibanks NEED a strong market into which to sell all of there secondarys and IPOS.
Ok - while typing this I was just called about a REIT preferred and a secondary coming thru WellsFargo...hmmm
MPGpA is trading well as it should considering the rahrah attitude about REITS...which once again little old me thinks is total BS.
I have added a few longs this morning, MIGP just bought a bit more - its a boring insurance company trading 4 or 5 bucks below book...and I bought some MPG (common) for a trade...Im only married to my wife if you know what I mean.
JB
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