The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- Finding Safer Ground at Palo Alto NetworksA rich multiple has made cybersecurity star Palo Alto Networks a dangerous play, but its shifting revenue mix is a good sign. […]
- The ECB's Persistent Inflation HeadacheEurozone inflation remains stuck in low gear. Expectations are building again for more from the ECB. […]
- It's Time to Sweat Again at LululemonThe yoga-wear maker’s shares have rallied by more than one-third this year. Additional gains might be a stretch. […]
- Finding Safer Ground at Palo Alto Networks