Author: Michael Foster, Contrarian Outlook

Sell now.

You need to sell these funds immediately — or steer clear if you don’t already own them.

Buying now lets you “lock in” that payout before the next rebound drives the share price up— and the yield down as the stock climbs.

These bargain funds give you a great setup, no matter what happens with this trade-obsessed market: if stocks do pull a 2008 repeat, their huge discounts should limit their downside. And if stocks rip higher, investors should pile into these absurdly cheap deals, lighting a fire under their share prices.

Now is the perfect opportunity for contrarians like us to grab big returns (and dividends).