There was no
Sudden:Death
segment tonight.
Instead, Jim had
the following
end-of-show
comments:
Jim:
Look, we're
headed back to
Friday's lows...
that's what's
happening. And,
when we get
there, we're not
going to be shy
about it... We
find industrials
that yield (with
dividends) 5-7%
and that's going
to be our sweet
spot. We buy
them down... we
buy them first
when they're at
5%, then a
little more at
6%, and then a
little more at
7% (i.e.,
because, as
stock price goes
down, dividend
yield percentage
goes up). That's
how we catch a
bottom. Earnings
don't mean a
thing. Don't be
scared this
time, because it
is going to
happen. The
market is that
crazy, and we
have to take
advantage of the
insanity to buy
high-quality
dividend stocks.
By the way,
there was indeed
not a bull
market today...
I'm always
willing to admit
that, and this
is the first
time I've said
that in 23
years.
