I am thinking of getting my feet wet again.

I wish you luck, but I'm keepin' my feet dry except for the Brinker recommended Vanguard* GNMA fund:
https://personal.vanguard.com/us/JSP/Funds/Profile/VGIFundPr...
which has been yielding almost 5% (4.62% as I type this) for the last year or so I've had money in it thanks to Bob. Vanguard's low expense ratio puts it head and shoulders above all those other high expense ratio funds.

* (Bob also recommends Fidelity's GNMA fund)

I've also got a lot (for me) of money in dividend paying US utilities. Utilities, like every other stock, are down. However, unlike those other companies on the NYSE people pretty much have to buy electricity/gas/water. If you absolutely positively have to buy something right now you might want to consider dividend paying US utilities. They are yielding pretty good right now.

However, to get back to your question, there's a lot of people (me included) over at the METAR board
http://boards.fool.com/messages.asp?mid=27438977&bid=114...
who feel this recession is a long way from being over.

Maybe 2010 at the earliest seems to be the consensus of opinion.

I'll wait until April or May of this year to see if there are any dividend paying bargains out there and, if there are, I'll dollar cost average into them.

Desert (sorry to say I haven't been able to listen to Bob's show for a month or so) Dave

PS, Bob doesn't actually recommend them by name, but they are the only ones he mentions when talking about GNMA's.