There’s a big disconnect between the headlines and vanilla investors’ mood these days.

The headlines? Dark. Investors? Greedy.

Source: CNN

The CNN Fear & Greed Index has its flaws, but on the whole is a decent indicator of where investors’ heads are. As we can see here, despite the Iran conflict, they’re giddy.

At times like these, it pays for us contrarians to be cautious.

For closed-end fund (CEF) investors, however, this isn’t a big concern.

But even so, when greed runs high, it’s easier to let FOMO lure us off our income path. The result could be a situation where we trade too much (or worse, on emotion). Some people could take that to an extreme and even take a stab at day trading.

Let’s talk a bit more about that. A…