Time’s Up Meredith Whitney, Muni Prediction Was Wrong
The last time I saw Ms. Whitney speak publicly, she spent no time at all discussing the Armageddon she had predicted. Unfortunately (or fortunately, depending on where you come down on this debate), that’s they way the game is played.
As for me, I did just what I suggested and took the opportunity to add to my non-taxable bond holdings; I’ve profited handsomely as a result. And should Ms. Whitney give a repeat performance, I will be ready to add more.
As I said last December: “Word to the wise: when listening to the prognostications of the gloom and doom crowd, it's always important to remember the intended audience. Often times, its hard to hear the logic amid noises.”
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