Isn’t a “muni” a municipal bond? Aren’t municipal bonds issued by cities to finance debt? What does that have to do with capital goods production and international exposure?

Doh!
Try “fund”, as in “mutual fund”.

I can’t imagine the nature of that mental slip — I used to find munis intriguing, but given the dependence of much of California government on property taxes, I’m real hesitant to throw money in that direction at this time.

I like Dodge and Cox as well, Raybyrnes, dodfx that is.

Here’s another idea — you could go down the ETF route. ETF’s are supply/demand driven, not NAV driven, and they seem to be growing more popular. Actually, investing in La Fronnnnnce (EWQ) might not be half a bad idea, with Sarkozy taking over.