• Dr. Kris
    The rotation continues: Muni bond funds feeling real pain today. Breaking major support levels: $NMY, $NNC, $NPV, $VGM, $VMO.
    3/15/13
    Reply (15)
    • Dr. Kris: If you hold any of these, I'd run for the exits.
      3/15/13
    • Hillbilly Stock Star: Just bond money slowly rotating into equities imo.
      3/15/13
    • bd4uandu: Maybe rick folks getting ready to pay off their poor uncle.
      3/15/13
    • Kwimo: Muni bond funds are subject to episodes of panic selling, most likely because of substantial conservative "retail" ownership.
      3/15/13
    • Hillbilly Stock Star: Vangaurd says adjust via Monte Carlo Simulation in there opinion.
      3/15/13
    • Market Trends Investor: Many use leverage in their portfolios. As do many other closed end funds.
      3/15/13
    • bd4uandu: Panic selling by conservatives isn't that an oxymoron?
      3/15/13
    • Kwimo: I didn't mean conservative politically. "Risk adverse" is a better description.
      3/15/13
    • TruffelPig: Risk adverse and in muni bonds. That now seems an oxymoron.
      3/15/13
    • akiva112: I wish I could find an easy way to short them. They pay such high dividends that it really cuts into profit opportunities on the short side.
      3/15/13
    • bd4uandu: Maybe they are selling Detroit's Muni's remembering what happened to Chrysler.
      3/15/13
    • Kwimo: Check out a long term chart of $NUV for an example. A big spike down is yearly event.
      3/15/13
    • Kwimo: I'm also known as Typo-man: *averse.
      3/15/13
    • TruffelPig: I didn't even see that and repeated it. LOL. I get away with it - my second language ;P
      3/15/13
    • mrmedusa: Have some PTFYX to park 1/2 sales pofits and divs. Sort of drip. Hope to have higher monthly in 5 years when I retire.
      3/15/13