Remember last week and how fear griped everyone and the market tanked big time. Well forget about it! Well maybe not forget about it since even though we have recovered much of what was sold away last week we still are not near the high set back earlier in the summer. Rallies such as these mean little since a good bit of what happened last week was driven by computer trading a good bit of the last few days rally is computer driven as well. If you bought last week maybe time to take your profits and be happy. If you bought dividend stocks for the dividend just be happy and stay put, you got a good buy in a long term holding. It is a dangerous world and the European problems have not gone away and the economic problems in the US have not gone away either. I would expect a downturn any day now as professional traders lighten up on their holdings. Today is likely an oversold bounce. Just few sellers in the market.
I still like good large cap dividend stocks here. Many corporate balance sheets are solid and durable going forward no matter what happens in this struggling economy and trust me it IS struggling. This rally is a market event not a economic event.
CTL continues to be oversold and a real nice long term buy. NNN is a solid company and it's price has held up extremely well during the past week.
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