by Gabriel Wisdom
March 19, 2012
The market years 2007, 2002-2000, 1998, 1987, and 1973 have a common theme. These were years where skeptical and reluctant investors felt they could not longer sit on the sideline while everyone else made money. In each of these periods, late-comers to the party were comforted by a familiar pattern. With stocks trending higher for several years, it began to look easy, even fun to make money. Caution gave way to complacency, and within months prices reversed course.
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by Glenn Busch
March 15, 2012
JP Morgan (JPM) is a position in our strategic dividend portfolio and a position in our Fallen Angels Income Fund (FAINX). The equity portion of the Fallen Angels Income Fund and our strategic dividend strategy focus on finding not only finding undervalued dividend paying stocks but stocks that have the potential to grow their dividend. Entering this year we saw the financial sector, predominantly the large banks, having the potential to greatly increase their dividend payouts. They just needed to pass the Federal Reserve stress test and get any new capital plan approved by the Fed too. JP Morgan did both.
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