Tag Archives: Ellsworth Convertible Growth & Income Fund
There are several ways to look at the stock market’s rally since mid-August. You could say it’s a response to lower bond yields. A reaction to improved corporate earnings reports. Or maybe the market is simply celebrating President Bush’s bounce in the polls.
Something happened yesterday that I don’t like to see. After our Special Alert went out, shares of Ellsworth Convertible Growth & Income Fund (ASE: ECF) spiked up to $7.95 on heavy volume.