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♪ Somebody call 9-1-1…Fire burning in the muni market ♬ (Part 1)

|Includes:AFB, AGO, AKP, Ambac Financial (AMBC), APX, AYN, BAF, BBF, BBF, BBK, BCK, BCL, BFC, BFO, BFY, BHV, BLH, BLN, BNY, BQH, BSE, EIF, EIO, EIP, EMI, ENX, EVO, EVP, LEO, MAB, MBI, MIW, MIY, MIY, MPA, MPA, MUNI, MYI, NBJ, NGB, NII, NKG, NMP, NNB, NNC, NNO, NPG, NPN, NPV, NPY, NRB, NTX, NUM, NUO, NVJ, NXI, RMUNX, VGM, VIM, VTF, VTJ, VTN
Perhaps Sean Kingston’s hit song Fire Burning is due for another inspirational remix. 


♪ Somebody call 9-1-1 ♫
Fire burning in the muni market
Whoa
I gotta cool investors down
Or they’ll bring the city to ground in the muni market
♬ Whoa ♩


The reason, of course, being to commiserate the  real fire burning at the waste-to-energy incinerator that is causing headaches for a growing number of parties beginning with the city that may be about to go bankrupt over it.





 



Disclosure: long all stocks
Stocks: AMBC, MBI, AGO, AFB, AKP, MUNI, MYI, APX, AYN, BAF, BBF, BBK, BCK, BFO, BBF, EIF, BFY, BLH, BLN, ENX, BSE, BQH, BNY, BFC, BCL, NTX, MAB, NII, NRB, NNC, NNO, LEO, VGM, VIM, VTF, RMUNX, VTJ, VTN, NKG, NPG, BHV, NPV, NGB, NNB, EMI, MIY, MIY, MIW, NMP, NUM, NBJ, EIO, EVO, NUO, NVJ, NXI, MPA, EVP, EIP, MPA, NPN, NPY