Bargain Bin Shopping for Yields Up to 8.4%
February 17, 2018 at 05:00 AM EST
The market just dropped the big, ugly “C” word on us. “Correction,” that is. The old stalwart Dow Jones Industrial Average recently broke into correction territory, dipping just over 10% in two weeks before clawing a little bit of it back. Along the way, the VIX – you know, the “fear index” – spiked to its highest levels since the 2007-09 bear market. But while many investors might see this sudden burst of volatility as a reason to run or duck for cover, I see it as a chance to go hunting in high-yield dividend stocks. They call it a “correction” for a reason: It’s because something was broken, and a price decline fixes it.… Read more