Lilguy

Time for California Muni Bond Investors to Take a Stand

You may be late to the TIPS pot--at least for the appreciation--but you're wise to cut back on Ca. munis.

I share your views on investment: looking for opportunities to make a fair return based on hard, smart work in well-managed entities. Now, after 40 years, I am finding that those US stock market "opportunities" in the US are increasingly, if not predominantly, manipulated at the exchange by machine trading, the books of the companies I've researched are totally cooked, the regulators who are to keep this all in balance are stupid, lazy, and corrupt, and now the economy as a whole is deteriorating at an unprecedented pace, led by the substantial disappearance of the American middle-class that has been the backbone of the country's growth.

So, while you are shifting out of Ca. munis, I have shifted out of stocks and don't plan to return until the playing field is level, transparent, and robust.