Outlook: What to watch in 2011
“I am not concerned about massive defaults where whole states are just defaulting across the board,” said Paul Jacobs, a certified financial planner for Palisades Hudson Financial Group LLC, which manages more than $1 billion in assets. “I am more concerned about investor overreaction and that there could be a sell-off in bonds that would lead to losses. That could be as bad as an actual default.” (Click here for the full outlook on the muni bond markets.)