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Stockton Bankruptcy May Portend Bad News For Future Muni Bond Performance

Friday, June 29, 2012 - 5:00 AM
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.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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