Wellington Management Company was founded in so would think they would have learned their lesson about crashes…This is why the 1040 hits in muni bond funds popular with brokers who sell them at IPO and youll find dozens in which the underlying holdings of the fund are down 2030 which when you add in the widening discount to fund price means investors are seeing hits of around 50. California muni bonds are acting like emerging market bonds..

California muni bonds are acting like emerging market bonds.. Take gander at more aggressive leveraged closed end muni bond funds in recent weeks is so startling. Recently some of these funds are moving up and down mostly down 1020 per day, much like leveraged junk bond funds have done of late.

Sure, the 40 drop from the peak in major market indexes is stunning, as is the performance of so many value funds that seem to be falling faster than growth funds did in the last bear market. California muni bonds are acting like emerging market bonds..

California muni bonds are acting like emerging market bonds.. Case in point Vanguard Capital Value Fund VCVLX is down over 50 since the begining of after manager change led to increased stakes in Russian stocks the stock market than routinely is shut down from panic selling and energy picks, snapped up at precommodity bubble crash prices of course. Take gander at more aggressive leveraged closed end muni bond funds in recent weeks is so startling.

California muni bonds are acting like emerging market bonds.. Sure, the 40 drop from the peak in major market indexes is stunning, as is the performance of so many value funds that seem to be falling faster than growth funds did in the last bear market. Wellington Management Company was founded in so would think they would have learned their lesson about crashes…