Changing your mind as the facts emerge is nice work if you can get it. New Bill Gross: "End of QE2 may or may not lead to higher yields." Old Bill: Yields may "go higher, maybe even much higher" to attract buyers after QE2 ends. New Meredith Whitney: "I never said that there would be hundreds of billions" in muni defaults. Old Meredith: "This will amount to hundreds of billions of dollars’ worth of defaults."