Biotech Values

[Biowatch]

So long Con Ed pfd -- called away:
http://www.coned.com/newsroom/news/pr20120307.asp

Series	 	Redemption Price Per Share 
 $5 Cumulative Preferred Stock	 	$105.00 
 Cumulative Preferred Stock, 4.65% Series C	 	$101.00 
 Cumulative Preferred Stock, 4.65% Series D	 	$101.00

I'd worry about muni's. I assume municipalities that declare bankruptcy (look ma! No pennies in the penny jar!) due to job losses, defaults, sluggish real estate market, etc., etc., so so long to their debt obligations. If so, unfortunate for retirement funds.