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Author: jackcrow Big gold star, 5000 posts Feste Award Nominee! Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35272  
Subject: Re: California Bonds Date: 5/22/2009 7:36 PM
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Patience, ha, we're chock full of patience (assuming you don't interview DW)

Pangi,

This board is very sincere in its desire to help seasoned investors try new ideas or sort out new ideas and help investors new to the full spectrum of fixed income investing find their footing and then their way. Feel free to jump in and ask or chat as you have need.

Would now be a good time to consider California bonds

If you are speaking specifically about the State's debt the short answer, IMHO, is no. Some entities within the state may be a better choice. Many more risky bonds are not being priced where the risk/reward is in our favor, yet.

Most of the bond market, pick a rating, is overpriced right now. This makes risky choices riskier because we cannot do as much to protect our downside nor are we getting paid well for taking the risk. Sometime in the near future the bond market prices are going to head south and rates are going to head north. The good news is Cali is still likely to be a bloody mess when that finally happens; if your heart is really set on Cali munis.

jack
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