Amid the drumbeat of weak U.S. economic data and continuing European debt worries, global stock markets sold off in the week of Aug.1. Then came the U.S. credit downgrade from Standard & Poor's. The U.S. stock market dropped between 4-5% on Thursday, Aug. 4 alone. It continued to drop the following week, before dramatically bouncing back on Tuesday, Aug. 9th.
The good news is that I believe dividend-paying stocks are one of the best places to shop in a downturn. Don't get me wrong. Dividend payers aren't immune to downturns. And they aren't as stable as cash in a savings account. But the last time I looked, cash won't pay you 6%... 8%... or even 10% or more per year.
Source: Seeking Alpha
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