Posted by Gregg Smith at February 4th, 2009

The events of 2008 allow us to begin the New Year with considerably more knowledge and investment experience than we had last January.  While we entered 2008 with concern, this year seems eerily predictable.  We expect the DJIA to fluctuate between 7900 and 10,000, with an outside chance of reaching 7500 and 10,500.  It will not be linear. Corporate bonds will be very rewarding to investors and they may well have a higher point-to-point return than stock.  As a group, municipal bonds have very little downside risk at current prices.  Enjoy the ride!