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The Bond King's departure had a small impact on CEF performance compared with the onslaught in the commodities market.
Volatility in Asia, subprime woes take market for a ride.
Rising mortgage rates and falling refinancing volume could create an opportunity.
Plus, a departure from AllianceBernstein, a new PIMCO distribution arm, and more.
Good opportunities aren't always supported by their economic surroundings.
Hear industry outlooks and best ideas from the 12 Morningstar analysts named by The Wall Street Journal among the "Best on the Street."