After a year of free fall, is it time to buy munibonds now? It may be, says Ann Sosnowski in Taipan Daily. High-yield munibond funds like the Legg Mason Partners Municipal High Income (STXAX) have made some gains in the past few months of 2.5%. High-yield munibonds that fund the construction of hospitals and schools are riskier than bonds that fund basic state and local governments. But they’re returning 3% more than safer munibonds.

Stocks make a lot of sense in the long run. In the short run, though, the ride can get a little bumpy.

Back in April, I told Death Cross Trader subscribers that the market would take a major tumble. I suggested a “Falling Market Profit Plan” that would guarantee strong profits.