Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (50850)	2/12/2013 4:26:56 PM
From: gcrispin	Respond to of 78476

I have a large position in BFZ and MCA which I purchased during the Meredith Whitney debacle. (Thank you, Meredith!) I think the recent decline is due to migration of funds into the stock market. Since the fed is targeting 6.5% unemployment I think the fed. funds rate will be very favorable to these closed end munis. The other variable I am watching is the discount/premium to NAV. Until I see these funds significantly overvalued to NAV, or the unemployment rate drops precipitously, I plan on holding these securities in my portfolio. money.cnn.com