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‘Fun’ stock pick with income for 2009
Investors threw the good out with the bad last year
I’m expecting 2009 to be a better time for investors. Not an easy time, as in the one-sided market of the late 1990s when everything one bought went up, but an easier time than 2008 – at least for those willing to engage in a little market-timing. And that’s although I expect rallies will only be bear market rallies within an ongoing bear market.
Why an easier time then?
Last year my newsletter’s market-timing strategy portfolio gained 9.2%, one of the very few advisory services that were up for the year in which the…
High Yields Raise Red Flags for Bank Stocks
Fifth Third Bancorp (FITB) just became the latest in a string of hard-hit financial firms to slash its dividend to preserve much-needed cash.
Yesterday (Wednesday),the Ohio-based regional bank slashed its dividend to 15 cents down from 44 cents, becoming the 17th company to reduce or eliminate its dividend completely this year, Bloomberg News reported.
Fifth Third certainly wasn’t the first bank to have to resort to this unpopular measure, nor will it be the last.
Financial firms of every stripe have taken a beating from the subprime mortgage crisis that has accounted for $396 billion in write-downs so far. From national consumer banks such…
19Jun2008 | Money Morning | Comments Off | Continued
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