First, let me just say, our government is trying to purposely repeat the mistakes of the Great Depression. It is truly pathetic. The GOP wants austerity and the fucking dems want a trade war with China. They are fucking babies, unfit to lead. But if you think we have it bad, take gander at Europe. Their market losses are 3-4 times ours. The amount of carnage and loss of wealth taking place in Europe is nothing short of staggering.
If you’ve been taking hits, trying to to trade this tape, take a deep breadth and chill the fuck out. Ignore the misfits who offer nothing but vitriol. Again, I hate to constantly beat up on Twitter, but so many of those so called market experts are full of shit. Just so you know, behind the scenes, the managing elite at iBC have been banning a great many people, in order to clean up the site. While you might believe freedom of speech should reign supreme, the truth is, noise must be eliminated from intelligent discussion. I strongly advise that you cease and desist clowning around and get to work.
A lot of people are telling you to buy high dividend paying stocks. As much as I appreciate a good divvy, in a downward spiraling market, dividends are pointless. You will end up losing 10-20% of your principal before you receive your fist payment. What’s the point?
To that point, I screened for large cap stocks, yielding greater than 2%, that are up over the past 3 months. Here are the results:
No. Ticker 3-month Return Dividend Yield Market Cap
1 BMY 8.03 4.20 53,520,000,000
2 OKS 7.09 5.00 9,500,000,000
3 KMB 6.69 3.90 27,820,000,000
4 VFC 6.68 2.10 12,970,000,000
5 DCM 5.89 3.10 75,720,000,000
6 PGN 5.67 4.80 15,240,000,000
7 ED 4.99 4.20 16,700,000,000
8 DUK 4.79 5.00 26,620,000,000
9 SO 4.37 4.50 36,030,000,000
10 BAP 3.72 2.10 7,320,000,000
11 CHL 3.58 3.70 195,500,000,000
12 LO 3.49 4.70 15,320,000,000
13 D 2.74 3.90 28,900,000,000
14 NI 2.50 4.30 6,000,000,000
15 GIS 2.48 3.20 24,770,000,000
16 HSY 2.19 2.30 13,470,000,000
17 EPB 2.03 5.40 7,300,000,000
18 CNP 1.94 4.00 8,360,000,000
19 MO 1.63 6.10 56,680,000,000
20 RAI 1.25 5.70 21,850,000,000
21 MCD 1.10 3.20 90,610,000,000
22 MMP 1.03 5.20 6,810,000,000
23 AEE 0.59 5.20 7,190,000,000
24 CL 0.44 2.60 43,140,000,000
25 TGT 0.38 2.40 32,280,000,000
26 PPL 0.36 4.90 16,490,000,000
27 SCG 0.25 4.80 5,220,000,000
28 NTT -0.17 2.90 63,380,000,000
29 XEL -0.53 4.30 11,770,000,000
30 PEG -0.83 4.10 16,880,000,000
So that’s it, just 30 companies. Before you know it, people will sell them too. Even worse, if the economy worsens, the dividends will be called into question, offering a catalyst for short sellers to press the shares, further fucking you into a murderhole.
If you want safety, you’re better off hedging your longs with shorts. Don’t be afraid to sell short. As you can see, it can be very rewarding.
In the pre-market, shares of MS are getting smashed again, alongside everything else. I do believe we are very close to a sharp bounce. However, I will be very patient with my cash, opting to slowly dollar cost average into select names. For now, the only stocks I will be dollar cost averaging into are WNR-IPGP. But, as sure as I am sitting here, there will be 300% winners off of these lows, once people stop shitting themselves.
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