{"id":5033,"date":"2011-05-16T21:23:39","date_gmt":"2011-05-17T01:23:39","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=5033"},"modified":"2011-05-16T21:23:39","modified_gmt":"2011-05-17T01:23:39","slug":"time-to-sell-munis-again","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2011\/05\/16\/time-to-sell-munis-again\/","title":{"rendered":"Time to Sell Munis Again"},"content":{"rendered":"<p><strong>(This is an excerpt from an article I published on Seeking Alpha. <a href=\"http:\/\/seekingalpha.com\/article\/270231-time-to-sell-munis-again\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n<p>Municipal bonds have had a very quiet rally since the January lows has accelerated in the past month as the bond market in general has found new life. The likely irony is that the economic weakness that the bond market seems to fear is going to ravage local and state finances at a time when many, if not most, have not yet repaired budgets decimated by the last recession. Thus, this rally is one I want to sell into. <\/p>\n<p>I first bought MUB, the iShares S&#038;P National Municipal Bond ETF, at the December lows, <a href=\"http:\/\/drduru.com\/onetwentytwo\/2010\/12\/15\/munis-nosedive-gross-buys\/\">motivated by news that Bill Gross had used his own personal funds to dive in<\/a>&#8230;.<\/p>\n<p>{snip}<\/p>\n<p><center><br \/>\n<figure id=\"attachment_5034\" aria-describedby=\"caption-attachment-5034\" style=\"width: 515px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/05\/110513_MUB.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/05\/110513_MUB.jpg\" alt=\"MUB has quietly rallied in impressive fashion, but I am not waiting around to find out whether MUB will challenge its 52-week highs\" title=\"MUB has quietly rallied in impressive fashion, but I am not waiting around to find out whether MUB will challenge its 52-week highs\" width=\"525\" height=\"459\" class=\"size-full wp-image-5034\" srcset=\"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/05\/110513_MUB.jpg 525w, https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2011\/05\/110513_MUB-300x262.jpg 300w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\" \/><\/a><figcaption id=\"caption-attachment-5034\" class=\"wp-caption-text\">MUB has quietly rallied in impressive fashion, but I am not waiting around to find out whether MUB will challenge its 52-week highs<\/figcaption><\/figure><br \/>\n*<strong>Chart created using TeleChart:<\/strong> <a href=\"http:\/\/www.worden.com\/CURRENTAFPROMO.aspx?AFCODE=866\"><img decoding=\"async\" src=\"http:\/\/www.worden.com\/Content\/Banners\/images\/88x31.gif\"><\/a><br \/>\n<\/center><br \/>\n<\/p>\n<p><strong>(This is an excerpt from an article I published on Seeking Alpha. <a href=\"http:\/\/seekingalpha.com\/article\/270231-time-to-sell-munis-again\">Click here to read the entire piece<\/a>.)<\/strong><\/p>\n<p>Full disclosure: long MUB<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Municipal bonds have had a very quiet rally since the January lows has accelerated in the past month as the bond market in general has found new life. The likely irony is that the economic weakness &#8230; <a title=\"Time to Sell Munis Again\" class=\"read-more\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/05\/16\/time-to-sell-munis-again\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[456],"tags":[445,452,451],"class_list":["post-5033","post","type-post","status-publish","format-standard","hentry","category-bonds-2","tag-bill-gross","tag-ishares-sp-national-municipal-bond-etf","tag-mub"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Time to Sell Munis Again - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2011\/05\/16\/time-to-sell-munis-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Time to Sell Munis Again - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I published on Seeking Alpha. 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