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Putnam Managed Municipal Income Trust Message Board

  • Wall_Street_Sucks Wall_Street_Sucks Dec 20, 2010 1:27 PM Flag

    60 Minutes - Downgrade

    If you watched 60 Minutes last night you would know PMM will be $5.00 (at best) by next December. Meridith Whitney, the smartest analyst on Wall Street, said the municipal market is about to CRASH. No one wants their IOU's and hundreds of billions of $$'s need to be refinanced this year. Federal stimulus money runs out over the next 6 moths and then the crap hits the fan. She predicted the financial crisis and has hit targets (both highs and lows) on bank stocks this year. I just canceled my order for 5000 PMM @ $6.59. Wall Street will want to pull as many suckers in as possible before they pull the switch(aroo)on muni's. I think you could go to CBS and maybe see her interview. Good Luck to you if you are dumb enough to hold on over the next year!

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PMM
7.08+0.09(+1.29%)Jul 7 4:02 PMEDT