BlackRock MuniYield New Jersey Fund, Inc. (AMEX:MYJ)

I can't wait to see what happens to this New Jersey municipal bonds fund issued by BlackRock.

This is like a soap opera: a super-tough new Governor, who was barely sworn in before grandstanding to test a personal run for President, verses municipal solvency.

Testing the governor's personal electability nationwide seriously compromised the local economies of New Jersey. So far, pandering to adoring crazies nationwide ultimately hasn't gotten the Gov. anywhere, and at this point he has sworn that he is not going to run.

The governor's policy idea WAS to push the public services bill across the table to the local municipalities, while seemly hurting the locals' basis to recover, in favor of paying off gambling special interests. But NOW sustainable recovery seems to be the big threat to any future ambitions.

How marketable would his management skills be if local judicatories are failing under his policy priorities?

Political self-promotion at its worst, but this pick is my bet is that political self-promotion will yield to brass tacks recovery expectations, and that motivated local politics will push back against anything that threatens their backyards. Job One will be to put a solid floor under muni debt. And all of that that would be good for this fund...