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David Fry
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David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
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  • Muni Bonds: Most Loved To Most Hated 0 comments
    Mar 20, 2012 1:10 PM | about stocks: MUB, MBB

    After an unusually large inflow of investors, Mini Bonds tanked. How could they go from most loved to mosthated?

    After Meredith Whitney called for all the municipal bonds to collapse two years ago, they in fact, didn't and investors piled in for the rich tax-free dividend. Last week, Ms. Whitney went double down on her call of the collapse of the municipal bond market as reported by the Wall Street Journal.

    We did see Harrisburg, PA and other municipalities file for bankruptcy. But they restructured and have moved on. This is not something completely out of the ordinary. Just as businesses file bankruptcy and restructure in normal economic times, so have municipalities. Rarely do they catch the attention of the national media. Even New York City has gone though crisis like this, and as of the last time I checked, they're still open for business. If only Greece knew this.


    Stocks: MUB, MBB
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