Buy Stocks as Municipal Yields Reach 43-Year Lows: Joe Mysak
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Don’t worry about too much red ink in state and local budgets and not enough money in public pension plans. Forget about the prospect of inflation.
That’s what the municipal market is telling investors. The last time yields were this low, Jacqueline Susann had been on the bestseller list with “Valley of the Dolls” for 62 weeks.