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High Yield Blue Chips Set to Rally?

I'd argue that this article may have been great a month ago. Is it too late now? I think it's very dependant upon the company. BP for example, still sports a hefty dividend. But it's price has already come up nearly 40% from it's low in early March (up from ~$33 to ~$47). That being said, I still think BP is a great buy even at $47, and I added heavily to my position when it was at $38. Far too many companies have slashed their dividend, so do your research. Who would have thought, for example, that Dow Chemical, after nearly 100 years of holding or increasing their dividend, would have to cut it by nearly 2/3 in 2009? It appears BP will be able to maintain their dividend, unless the price of oil unexpectently craters.

I didn't see any of these articles being written when the Dow was at 6500. Everyone's just going with the flavor of the day, which lately is extremely bullish. I'm still a big fan of the Buffett mantra of being greedy when everyone else is fearful. A big buy-in at 6500 would have paid off handsomely.