Municipal Funds going down

Discussion in 'Trading' started by Leni, Oct 15, 2009.

  1. Leni

    Leni

    Hi , Anyone has any idea why are the municipals ( most of Pimco and Black Rock ) down the last days and still going down someone selling as crazy....?:confused:
     
  2. Confirmation of the obvious? Every municipal entity on the planet is having budget problems that can't reasonably be solved with tax increases to pay off bondholders. Municipalities may be in a "good" position to ignore the pleas and wishes of out-of-town-bondholders. We'll see. :cool:
     
  3. Leni

    Leni

    yep ...but the muni trust are still stable
     
  4. We'll see. :cool:
     
  5. Leni

    Leni

    :)
     
  6. what would be the consequences of municipalities defaulting on their bonds?
     
  7. ETFs are up.
     
  8. how would you explain muni default --> ETFs up?:confused: