More Gundlach from Morningstar's interview and this time discussing Municipal Bonds. I agree with Gundlach. My take is that yields are better then last year this time, but there is pain to be had. There is going to weakness in price and most muni bond holders are not accustomed to volatility. The panic will create opportunities because most bonds should survive the crisis. I have warned folks if they are confident in their holdings and can stomach "paper" losses they should be okay. Those that are more tactical it makes sense to have some dry powder ready for the next 12-18 months. That could be said for a number of different asset classes... Anyways enjoy Gundlach and his new facial hair.
Gundlach: Two Ways to Lose in Munis
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