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The Stock Market Crash That Almost No One Heard

Lots of great buys selling well below NAV among closed end funds in my opinion. There are lots of muni closed end funds for instance at 16-17% discounts to NAV, I own MUJ and MYJ and hounded Blackrock enough (including articles on SeekingAlpha such as an open letter to its chairman Lawrence Fink) that they started buybacks of their muni closed end funds.

There was another crash you probably didn’t hear amid the cacophony in the financial markets, one that at its worst was equivalent to a 3,000-point plunge in the Dow Jones Industrial Average. On Thursday, some closed-end funds traded down as much as 15% before pulling out of a free fall that some seasoned pros likened to their collapse during the great financial crisis, following the bankruptcy of Lehman Brothers in the fall of 2008.

Back then, that turned out to be a marvelous buying opportunity, at least for those who heeded...

https://www.barrons.com/articles/the-stock-market-crash-that-almost-no-one-heard-51545417177
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