RE:RE:Here we go - FED getting busy with ratesI have followed you and many of the other fantastic informed posts on this board for some time and thank you and others very much.
That said I am 40% in cash having sold some pipes and half my preferreds that I bought in 2020. Many were up close to 100%. My question is would you stay in cash, raise more, wait for long bonds to spike or look at the rate reset preferreds trading well under redemtion price?
Thanks in advance for yours and any other comments.