If you look back at my 3rd Quarter Preview (here) I mentioned I forecast the 3rd quarter would be up. That’s proving to be a great move (if I do say so myself).
But what makes me nervous?
This article sums up a lot of my feelings.
Does that mean I’m bearish for the 4th Quarter?
I guess you’ll have to wait until my 4th Quarter preview in a couple of weeks to find out.
The reason I include this article is to reinforce my belief that Municipal Bonds are something to avoid.
State pensions are in a world of hurt, and you and I will be subsidizing them in the future. Do you think this will cause some slowdown in state revenues and resources? Of course.