Five ETFs To Watch If Meredith Whitney Is Right

According to the ancient Mayan calendar, the world will end in December 2012. If banking analyst Meredith Whitney is right, the beginning of the end might be around the corner. Whitney, who rose to prominence after a pessimistic report on Citigroup issued in late 2007 later proved to be painfully accurate, has been zeroed in on the municipal bond sector for some time now as the next market to enter into a freefall. She first turned heads last year when predicting that between 50 and 100 local governments could default on obligations worth hundreds of billions of dollars–a collapse that would almost certainly be felt throughout global financial markets. That breakdown in muni bond markets so far hasn’t materialized; default rates have been in line with historical averages, and investors who held on to these securities have been rewarded with relatively strong performances. But Whitney hasn’t backed down from her [...] Click here to read the original article on ETFdb.com. Related Posts: Looking For Juicy Yields? Try Muni Bond ETFs Wide World Of Muni Bond ETFs Three ETFs To Protect Against Rising Taxes Muni Bond ETFs: New York vs. California Look Out Below! Muni Bond ETFs In Freefall