Preferreds Up 100%, On Verge of Breakout

After getting absolutely crushed in 2008 and the first part of 2009, preferred stocks have made a nice comeback.  Below is a chart of the iShares S&P US Preferred Stock Index ETF (PFF).  Since bottoming in March, PFF is up 106.71% and is trying to break out from its January highs. 

 

Comments

[dj]

I asked my adviser about Pref's back in Feb.,he give me the old B.S. line that "we" should not go this way...he put some in GIF's,so with a little of my mad cash i when in on PFF....this going to be so much fun throwing this back at him @ June golf game!:)