> Why are all my preferred stock tanking today?

Why are all my preferred stock tanking today?

Posted at: 2014-12-05 
Today is 6/4/14. The stock market is slightly up in the green...yet just about all my preferred stock (bonds that trade like stock) are tanking in unison. Anyone know why?

The market has been "risk on, risk off" lately. When things look good, it is risk on, which means people flock to growth stocks and away from safer, dividend paying stocks. Today is a risk on day, the EU made an announcement that is boosting the market.

idk

Today is 6/4/14. The stock market is slightly up in the green...yet just about all my preferred stock (bonds that trade like stock) are tanking in unison. Anyone know why?