Michael Comes--Detroit Doesn't Mean Death For Munis 26.Jul.13

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Michael Comes sees a lot of opportunity in the municipal bond market now that Detroit has finally filed for bankruptcy. While other cities will also file, he doesn't necessarily see a rush for the clerk's office. Many cities are faced with serious challenges but he thinks they will find a way out. The result will be higher yields paid to opportunistic investors who are wise enough to seperate the wheat from the chaff. You just need to be one of them. 

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