Marilyn Cohen, president of Envision
coach bags Capital Management, a Los Angeles bond investment firm, believes that if a major market, such as Detroit or L.A., filed for bankruptcy or had a major default, it could trigger panic through the entire muni market. "A major
Coach Baby Bags default by a major city would really set the muni market on its head because people would be frightened," she says.
"Just because something happens in the state of Washington or Michigan, that doesn't necessarily mean that the credit in Pennsylvania or New York is bad," says Tom Kozlik, an analyst at Janney Montgomery Scott. "I don't think
Coach HOBO Bags it's going to be an all-out scare that leads to a municipal meltdown where people want to sell their securities like dominoes." Still, he says a default by a city such as L.A. or New York could have wide repercussions.
Market experts say they're keeping a particularly sharp eye on Detroit and Los Angeles, as well as markets that
Coach Claire Bags were hit hard by the boom-and-bust housing meltdown, such as Las Vegas, Phoenix, Miami, Jacksonville, Orlando and Orange County.
