Jason Burack of Wall Street for Main Street was back for an update. Since the beginning of the year, the stock market has been on fire. Much of it is liquidity driven, leading to mal-investment on a grand scale. The MLP (Master Limited Partnership) sector has large dividend distributions and and good cash flow, so yield driven investors have flocked to it. More companies will be converting to this type of ownership, so you need to be very quality conscious. In comparison, the mining sector isn’t looking so well, with precious metals prices falling below the costs of production. Other factors are at work and caution is the by-word.
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