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Big Discounts in Several Closed-End Funds

Stock quotes in this article: EIX , MO , T , WB , HBC , JNC , EV  

The stock market selloff in March 2000 proved to be the start of a long decline. The final slump in March 2003 turned out to be the bottom of the bear market and a great time to invest.

So far the jury's still out on the selloff of March 2006. But if you see the recent falls as a buying opportunity, you might as well grab, say, 10% off, instead of 5%.

A week ago, I predicted that market turmoil would throw out some great discounts in the closed-end funds, and so far this has proved correct. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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