Stocks: A Christmas rally is the highest probability. If you want to participate, buy SPY or a broad based etf.
But remember that SPY has been declining since Sept 2012 and we have to assume that trend will continue. So if we get up to 1420 with SPY sell and take your profits. Obviously things can change and we will have to evaluate the market as we approach Jan.
Bonds: I continue to look for high dividend paying bonds….may add to my DHY position: buy order at $3.11. This is a high yield fund that pays almost 10% and is a long term buy that you would hold for years.