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All day long the equity indexes roll across the screen. Buy this stock. Sell that stock. You would think most days that equities are the only market in existence. Back in March the headlines were awash with 10%, 25% and 50% corrections coming. Now, in the financial press, you might think that equities were going to the moon in a honey jar.
Appreciation plays are a big part of the markets, no doubt. In my mind there are appreciation plays, mostly dominated by High Tech, or cash flow plays, mostly dominated by closed-end funds that