Muni Bond Fears Run Wild

From CNNMoney.com:

Municipal bonds continued to sell off this week, as worried investors fled the market, and the media continued to churn out stories about state and local governments struggling with severe budget shortfalls.

Wall Street Journal has another good Muni article: Munis: What to Do Now

Like the CNN article, the WSJ article suggests that this may be a good buying opportunity:

Still, for investors sticking with high-quality holdings, the depressed muni market "may present numerous opportunities," says Richard Ciccarone, chief research officer at McDonnell Investment Management, a fixed-income firm.