The muni bond market has recouped nearly all the losses it has seen since Meredith Whitney made a high profile call last year.  A forecast of massive muni defaults helped push the market lower and judging by fund flows scared a lot of investors out of muni bonds.  Whitney is out again today with another look at the mounting danger of muni pension deficits.  What is maybe more illustrative is the danger of trading headlines.  It is one thing to take into account the views of a prominent analyst, it is another thing altogether to let their views cloud your own judgment.  In today’s screencast another look at the muni bond market.

Items mentioned in the above screencast:

Meredith Whitney is sticking with her bearish call on muni bonds.  (WSJ)

The muni market is shrugging off Whitney’s most recent comments.  (MarketBeat)

Tax revenues are rising, just not fast enough for incumbent politicians’ tastes.  (Daniel Gross)

New investors have jumped on the opportunity in muni bonds.  (Big Picture)

The muni finance story will play out over a long time.  (ValuePlays)

Muni bonds have regained nearly all of their losses.  (ETF Replay)

Daily price chart of the iShares S&P National AMT-Free Muni Bond ETF (MUB).  (Finviz)