Well, this correction is providing a decent opportunity I missed during the big runup on ETO. At less than $31 and a yield of around 7%, it's not a bad ETF to have around.
Although the lending market is pretty crappy right now, I don't think it is a big enough impact to kill the U.S. economy. Corporate earnings are good and valuations are not excessive, especially after the last two weeks of market 'repricing'.
Our portfolio is holding up well relative to the Wilshire 5000 while we enjoy a yield greater than any major market index.
All in all, I am happy with the portfolio's performance in this volatile environment.
Although the lending market is pretty crappy right now, I don't think it is a big enough impact to kill the U.S. economy. Corporate earnings are good and valuations are not excessive, especially after the last two weeks of market 'repricing'.
Our portfolio is holding up well relative to the Wilshire 5000 while we enjoy a yield greater than any major market index.
All in all, I am happy with the portfolio's performance in this volatile environment.
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