Getting Defensive With 3 High Yielding Blue Chips

The second day of June arrived with a thud. Major indices had their worst day of the year as a poor ADP report and the overwhelming signs that the economy is dramatically slowing down shook investors. As I have been saying for months, this was going to be a year to sell in May and go away. It is going to be a rough summer, but hopefully one that will be bring some opportunities after a significant pullback. In the meantime, besides cash; I want to be invested in safe blue chip stocks with reasonable valuations, stable revenues and high dividend yields. I also do not want anything that is reliant on commodity prices as I think the end of QE2 and a slowdown in the emerging markets will cause that market to pullback as well. I will not buy any company heavily dependent on goods from China as I... Read more