unimpressedpragmatist

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  • Muni Bonds Boast Attractive Yields - Barron's
    Munis are no safer than a strong stock. The fiscal condition of most states coupled with the state of the economy and the prospect of an Obama presidency and a Democrat Congress make an investment in their bonds a very risky venture. AAA means, absolutely, nothing in today's hazardous word of investment.

    Personally, I advocate either cashing out of all investments and holding cash or sticking with the tried and true companies and mutual funds and riding out the uncertainty. Even an Obama administration is limited in what it can achieve and the length of time it can survive. The market, always, comes back and the American people will not tolerate a socialist agenda for very long.

    However, Democrat dominated state governments (CA for example) have, already, done irreparable damage to the financial health of their state. Buying their paper, at any interest level, is a crap-shoot, at best, and a stupid blunder at worst.
    Oct 19 15:06 pm |Rating: 0 0 |Link to Comment |View article

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