11/17/10

What is going on?

Ireland. Portugal. Greece. Spain.

And now municipal bonds in the USA. These closed end funds investing in municipal bonds collapsed in major way (click on the chart to enlarge it). They declined even more than JNK, the junk bond ETF.

Is the Fed printing money to bail out municipalities' pension funds? Is this the reason equities are correcting?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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