As per the stocks rallied Monday, with the , as investor optimism gained momentum. The Dow Jones industrial average (INDU) soared 204 points, or 2%, to close at 10,226.94 --marked as the highest level since Oct. 3, 2008. Financial and commodity-related shares led the advance.The gains were broad-based, with all but 1 of the 30 components in the blue-chip index closing … [Read more...]
Dividends for the long run
According to the leading magazine -- This has proven to be a worst year for dividend cuts in three generations. Striving to conserve cash amid the most severe slump since the Depression, companies are reducing or eliminating their payouts to shareholders. Banks, of course, have led the way, but also cutting payouts are such stalwarts as Dow Chemical (DOW, Fortune 500) (which … [Read more...]