Like a lava flow, taking a haircut on your municipal bonds even one position is destructive.

FORBES: Sell Alert: Get Rid Of Low Quality Muni Bonds

However, Tuesday's incident isn't considered an eruption because it resulted in no lava flow.

WSJ: Philippines Volcano Spews Ash, Kills 5

Jake was a consequence of those residual fluids, eventually solidifying just inside a Martian volcano or in a lava flow.

BBC: Cosmic coincidence on the road to Glenelg

But like a lava flow, casualties should be rare because the information and process is slow enough to allow escape.

FORBES: Sell Alert: Get Rid Of Low Quality Muni Bonds

Next, Hawaii Volcanoes National Park offers spectacular hiking and, if you are lucky, a chance to watch live lava flow into the sea.

BBC: How to choose a Hawaiian island

Shining a torch into the gloom reveals boulders swept away in the lava flow, and shelves of rock running downhill and out of sight.

BBC: An Icelandic journey to the centre of the earth

The great American municipal bond restructuring is selectively in process like a slow lava flow: Run away and sell those issues that may scorch your portfolio.

FORBES: Sell Alert: Get Rid Of Low Quality Muni Bonds

The water originates near a lava flow 6, 000 feet below ground, passes through a nearby geothermal power plant and cools to just over 100 degrees Fahrenheit by the time it reaches the lagoon.

BBC: Iceland��s Cinderella story

"I remember putting my finger in the lava and watching it flow around my finger, " he says.

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