Muni

More thoughts from Meredith Whitney regarding her stance on Muni Bonds from CNBC this morning:

Part 1) http://www.cnbc.com/id/15840232/?video=1738621708&play=1
Part 2) http://www.cnbc.com/id/15840232/?video=1738688706&play=1

This jives a lot with my thoughts from last weeks post. I think we will be getting a correction soon. But not a major one (maybe 10%). With a more meaningful top after another rally into July.

See this post: The Large Count with Historical Perspective and the last 2 charts in particular. The also jives with the count and macro thoughts that I put together in December: Thoughts on the Large Count for the New Year