The prices of municipal bonds are plunging to depths last seen during the financial crisis. At least one high-profile analyst is predicting widespread defaults. And a big asset manager is putting its expansion into munis on hold. Is the situation in muni-land really as dire as all that?

In a word, no. And investors who can see past all the hand-wringing and remain disciplined may even find opportunities to profit. Article Here…

Article Published by The Wall Street Journal, written by Ben Levisohn Jane J. Kim and Eleanor Laise