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When can you buy blue chip dividend paying stocks again?

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The last couple of days have not been a sweet ride for the blue chips.  I think this quote from JP Morgan’s chief equity strategist sums up the “big money” view.  I don’t agree with it but you would be foolhardy not to watch out for trains crossing the tracks.  ” US equity strategy update from JPM’s T Lee – we see the shift out of defenses and into cyclicals continuing.  We still see the early 90s as the best analog for today and in the ’93-’94 period of abrupt rise in yields saw a progressive collapse of Defensive sectors. The … Read more

‘s not hard, just follow the Dividend..

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For those of you long AAPL yesterday, the paltry 6% or so gain on the most impressive numbers that we’ve seen to date from the tech giant were a bit depressing.  The fact that every single metric that analysts provided estimates on was completely blown out of the water combined with the $7 drop in share price before the announcement only reinforces the fact that both analysts and the street had no idea how profoundly astounding Apple’s results would be.  So why doesn’t the market seem to reflect similar sentiment?  One word: Dividends.  With over $17 trillion in qualified retirement … Read more