For readers of DA, this is easy. That said, financial columnists and pundits seem clueless. Last week's New York Times was the perfect example. I think it's time everyone recognizes that CDs are an asset class, not just another variety of fixed income. Dull and boring, perhaps. But with no interest-rate or default risk (unlike bond funds) and a guaranteed yield, sounds good to me as a hedge to all the other alternatives.
Just my moment on the soapbox.