Uncertainty and wild market gyrations (such as the 20-point swing in the S&P before and after the economic data release Friday) make it more difficult than ever to profit in this market. Even growth stocks, whose sales prove resilient in the face of this economic roller coaster, are suffering.
Yet nobody cares; bears are in control. It seems all ships rise in a rising tide, and all fall when the tide recedes, regardless of growth or prospects of the “ship”. This is the exactly why dreadnought dividend stocks such as AT&T (T), Verizon (VZ), and Total (TOT) should be key parts of the average investor’s portfolio. Dividend stocks are the essential hedge against market volatility.
Source: Minyanville
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