But in the last 7 years, there have been lots of folks who have been wrong about
a sharp correction in them necessarily meaning:
1) That they would stay down,
2) That Interest Rates were therefore on the way back up, or
3) That the stock market was about to collapse.
(C) 2016 William Schmidt, Ph.D. 7/14/2016
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The last time this happened was
in 2013 and that was right before a very
big market advance.
See my Blog from March 2013 about a collapse in
"munis" then.
http://tigersoft.com/Tiger-Blogs/weakBondFunds/index.htm
There also have been a number of terribly premature
warnings of collapsing MUNIs, all of which occurred
just before the stock market rose sharply.
December 2010 See https://www.quora.com/Is-Meredith-Whitney-correct-about-the-collapse-of-the-municipal-bond-market#!n=12
February 2011 See http://www.marketskeptics.com/2011/02/municipal-bond-collapse-underway.html
March 2011 See http://moneymorning.com/2011/03/03/the-looming-muni-bond-meltdown-profit-from-the-collapse-and-then-again-from-the-rebound/
May 2011 See https://www.youtube.com/watch?v=KKD_f48GLt0
December 2011 See http://jacksonville.com/news/florida/2010-12-21/story/some-investors-fear-collapse-municipal-bonds-across-nation
Sept 2012 -> Could Municipal Bonds Be the Next Financial Titanic? - Forbes
Sep 20, 2012 - A million different municipal bonds are outstanding, and there are 44,000 ...
The lesson of the 2008 financial market collapse (and of the Titanic, ...
