We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
BUY MUNIS. Tax-exempt bonds pricing at 6.25? You'd be insane not to in this market. Plus, with Dems likely to take over, Muni rates will drop significantly because everyone expects taxes to go up. The value of your 6.25 coupons (aka bond price) will increase when market yields drop. (Market yields for Munis have spiked to over 10-yr highs in the past week, by the way.) When rates fall, you can either keep you tax free 6 percent or cash out. If rates don't fall, 6.25 still isn't bad... Its a win-win. New York City is in the market today and we are all placing bids! Gotta run -