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Dividend stocks are attractive following the Cliff deal, says BlackRock's Russ Koesterich,...
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Thursday, January 3, 9:02 AM ETDividend stocks are attractive following the Cliff deal, says BlackRock's Russ Koesterich, noting just a modest bump in dividend tax rates affecting just a small ratio of taxpayers. Current low payout ratios give companies ample room to raise payouts. Avoid Treasurys, he says, and focus on credit sectors (HYG, PDI, IVR - just to name a few), and municipals (MUB).
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More and more this is the America we get: a declining nation led by Ivy League mediocrities telling us that things are only a little worse now than they were last year.
How do you goose a market rally out of a tax on millionaires and billionaires, modest bumps in tax rates and the usual bump in pay for politicians and the unions they launder money through?
There must be a class at Harvard 'splainin' that one.
It is amazing that 1% of the population centered in the Northeast tells the rest of the nation how things are going, how they should be, and really what the rest of us are going to have to put up with whether we like it or not. And they do it mostly through the media. Do they ever have anyone on those economic-stock-touting shows who're not part of the Northeastern comb-over crowd?
How about the Supreme Court? Not a Southerner, Westerner, Mid-Westerner. Only a bunch of bald-headed Northerners and three of the scariest looking females (?) on the planet. Where the hell do they find these people (?)?
Well, they're doing a jam-up job of running the nation — right into debt hell, a place where rights are constantly in jeopardy, an economy pumped up by phony money, and a welfare state with millions of people screaming for more.
Good comment. Thanks! Keep swimming up stream; it's the only way to go.