Anybody in the stock market right now is nuts. The DJIA would have to be around 12,500 just to be even with where it was in November of 2000 (It closed today at 10,554).
Series I bonds would be a good place for that amount of money over that period of time. They are currently paying 4.8%, they are inflation-protected, and interest earnings are exempt from State and local income taxes.
http://www.treasurydirect.gov/indiv/...nds_glance.htm
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