hello jacob, re mub the muni etf, i first reiterate yesterday's inklings:
http://siliconinvestor.com/readmsg.aspx?msgid=27219208
"had drinks with a faber and a walker, and dinner with a bunch of big BOYZ last night. The (time horizon w/i 4 months before clarification day) judgment is that some very large and traditionally astute as well as timely BOYZ are raising serious cash by preferred shares for no clearly stated purpose, even as they are seriously back-stopped by some of the largest as well as the largest of sovereign wealth funds, to either
- shop now, before clear recognition of very serious hyper flaming inflation, or
- ready to shop, after some deluge"
... and ...
http://siliconinvestor.com/readmsg.aspx?msgid=27219216
<<The collective wisdom of the BOYZ at dinner last night is that qe3 cannot be tee-ed up and stuffed down until some q4 2008 type of break happens, people get seriously terrified, and politics are aligned for salvation, and that we therefore should clear away the deck chairs by June, step aside, to wait for passing of tsunami.
I must look up definition of tsunami.>>
i add:
- the two big commodity trading and development companies raising cash are either going to shop immediately with the cash, or
- expecting serious trouble and getting ready to shop when the shopping gets good
- and this news gives me no comfort news.yahoo.com "Billionaire Carl Icahn returns $1.76B to investors"
therefore, on MUB, whereas it might well tank, as it should, because they are in the aggregate worse off than greece and ireland, and greece and ireland hasn't even begin to crumble as they shall, the constituent parts of MUB may get a pre-emptive bailout if folks are scared enough.
having noted above, am also watching and circling MUB, for it ought to be dead security still walking. |
