CEM - Exploiting ETRACS 2x ETN And CEF Illiquidity
So some very interesting observations emerged from the Cambridge Income Laboratory chat session this evening. In times of market panic, securities often get sold indiscriminately and en masse, causing prices to deviate from their net asset values.
Who can forget the flash crash of 2015 when certain ETFs plunged to 50% of their net asset value? I was lucky enough to pick up a few shares of several ETFs on the cheap. (That is, when I was able to tear my eyes away from the sea of red enveloping my brokerage account and actually enter