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.
- French Election Results Let Markets Breathe -- For NowWith political risk receding, Europe will look more attractive for investors than it has for some time. How much markets rally in response will be a measure not just of how scared investors were about France, but could reveal what deeper worries remain on the horizon. […]
- A Moment of Truth for Alcoa-Arconic SplitAlcoa’s and Arconic’s big gains following last year’s split will be put to the test when both report earnings this week. […]
- Semiconductor Gear: Still Some Chips to PlayA big shift in flash memory production will drive further gains for Lam Research and Applied Materials. […]
- French Election Results Let Markets Breathe -- For Now