Joey, what would you do...

JoeyDVivre Wrote: ------------------------------------------------------- > > d) Munis - There are a bunch of reasons why we > should worry about munis. The reasons kinda go > through me like Chinese food because I find the > asset class to be boring (and I know that is like > my wife finding baseball boring). Whenever munis > get woofed, there are always lots of retired folks > who thought they were doing their civic duty > buying them. I’ve been worrying about this too. No research in particular but my gut just screams there is ugliness here. CA in particular… I grew up on OC and in 1994 we went bankrupt. Considering the % of sate income dependent on sources that have evaporated its frightening. No more billions of dollars in silicon valley stock option exercise taxes, property tax base quickly falling, etc. I don’t know how all of this translates directly to muni’s but I would think its going through ppls minds.