But it's probably not a bad idea to have hedged with some Ps or Ks. I've got enough Ks that I should be somewhat positive even if the Qs get nuked, but the preferreds get something > than a few % on the dollar of their face value.
Preferreds are a safer bet than commons, but they could get nuked too if things go badly for us euqity types during the rest of May and June.
“The two most powerful warriors are patience and time.” - Leo Nikolaevich Tolstoy