Stockton Bankruptcy May Portend Bad News For Future Muni Bond Performance

From CBS News MoneyWatch

Stockton, Calif., is likely to become the largest city ever to seek bankruptcy protection. But this may be the beginning of a trend, especially if the stock market doesn't provide great returns over the next decade.

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Allan Roth has written quite a bit on this long-term risk that muni bonds have if the stock market continues to underperform.