Cornerstone Strategic Value Fund (CLM)

[leftovers]

That's all about to change with the Market continuing its decent! Besides many Blue chip yields have greatly increased in the last week no need to risk funds on high payers such as CLM. You can now get Blue chips paying 6-10 percent currently.

However the more this market drops the more likely they will be forced to reduce pay outs. Many have increased the payouts Like UPS that just dropped 15 dollars in the last week.

I have CVX and it just increased it's payout to 1.29 and is trading around 90 now. Oils all are approaching a pay out of close to 10%. If the Market drops another 10% they will most likely reduce pay out.

This drop is so huge so fast That I don't think you're going see a big rush to re-enter the market right now. People are spooked!

If you like this new fresh cost bases for stocks good time to sell some puts on the stocks you like then if it takes be assigned the stock if not keep the premium. I have 4-5 stocks I am considering but I will wait another week or two and see where things settle.