STOCK MARKET WATCH -- Monday, 2 April 2012

[Warpy]

47. I know I'm out of MUNI bonds and into a MUNI money market fund

The latter is insured and still tax free, although the interest isn't that great. In the short term, it's a good place to stash the money that would ordinarily have been in municipal bonds and earning a better return.

Until and unless the government increases the revenue stream by going after the people who have stolen all the money over the last 30 years, MUNI bonds are going to be a bad bet as paltry block grants from the Feds keep starving the states and cities.