Bonds

There was an article in today's Wall St Journal about concerns that Warren Buffet has regarding local govt. defaults now that he owns a company that guarantees them. My opinion is that the prices of munis are terrific now due to default concerns and if you pick a state or municipality that is well run it will be a bargain. Even govt. businesses such as hospitals are going bust and going away, things are a little different now. So very high quality bonds would be my style. And you could consider laddering the maturities to hedge against interest rates rising which I believe they will in the near future.

Just my opinion.