"David Martin Darst", Chartered Financial Analyst/CFA, is an American financier, educator, and author. For 17 years, he was a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, where he served as Vice Chairman of the Morgan Stanley Wealth Management Global Investment Committee. He was the founding President of the Morgan Stanley Investment Group, and the founding Chairman of the Morgan Stanley Asset Allocation Committee. Since 2014, he has served as an independent Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee.

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This is not necessarily a time for investors to put all their money behind their idea right now. A lot could happen.

There was no real breakthrough to the positive side. Each one of these little nicks has been chipping away at investor confidence.

The chief benefit here is that you are getting tax-exempt income. This security is a viable alternative to investing in taxable money market instruments.

We didn't get the Christmas present of a drop in the oil price.

Go in and physically meet your financial source of advice.

Meanwhile, we spend peanuts on human psychology. We have to take account of the deep atavistic and visceral traits.

These bonds typically mature in six months or less, so an investor is not putting the principal at much risk.

I think investors are looking through a glass darkly. Their outlook is relatively murky, so they are putting money under the mattress, so to speak.