Very Different Assets, the Russell 2000 and Muni Bonds, Both Look Overvalued

Things have come to a pretty pass.  The romances are going flat…

Let’s start with munis.  It’s pretty simple.  Two Septembers ago, I wrote a post titled Gold on Hold; The New Play May Be in Munis.  This was done in the context of recession worries, and was in the context of a well-documented and [...]

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