Muni Bonds? They droped a lot around late Feb and then rebounded sharply.

Muni Bonds? They droped a lot around late Feb and then rebounded sharply.

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送交者: 校长于 2008-05-05, 10:18:23:

回答: 拔费特说前一阵Specialized Bond是好投资，是什么意识? 由粪青于 2008-05-05, 10:05:00:

Municipalities can always raise tax to pay their debt, the big decline was kind of mis-pricing.

How do U exploit such an opportunity? Can U elaborate? (无内容) - 粪青 (0 bytes) 2008-05-05, 10:23:52 (223771)
- Let's say I invest $1mil in Bond, how can I make 10% in a month (无内容) - 粪青 (0 bytes) 2008-05-05, 10:27:12 (223773)
  - You can't unless you can leverage. Munis droped over 5% in 2 wks, - 校长 (136 bytes) 2008-05-05, 10:36:18 (223778)
    - Forgive my ignorance, what is leverage? (无内容) - 粪青 (0 bytes) 2008-05-05, 10:50:07 (223781)
      - borrow money to invest. (无内容) - 校长 (0 bytes) 2008-05-05, 10:53:06 (223784)
        
        So Buffet'd buy Bonds cheap. Will he hold or sell once up? (无内容) - 粪青 (0 bytes) 2008-05-05, 10:59:48 (223791)