This holiday shortened first trading week of 2013 comes to a close with investors breathing a sigh of relief that a fall off the fiscal cliff did not occur.
Six months ago, I might have written a different story as retail sales appeared to be heating up, consumer savings were coming off historic highs, and everyone seemed to be breathing a sigh of relief that economic indicators were pointing toward recovery.
These previous attempts to go after the muni bond tax-exemption so far have not paid off, and muni bond investors have been able to breathe a sigh of relief.