The Safest Dividends for a 10% Pullback
Brett Owens, Chief Investment StrategistUpdated: August 12, 2020
It’s August, it’s hot, we’re all still quasi-captives…and the collective love for stocks is getting downright steamy.
Investors have not felt this passionate about equities since January. That was, ominously, the last time the “Dumb Money” confidence level marched down from ebullient levels. Here’s a look at the “Smart/Dumb Money Confidence” chart produced by our friend Jason Goepfert at SentimenTrader (who was kind to let us republish here):
The Dumb Money is named so for a reason—it’s made up of the investors who are always late to the party. They pile in at market tops and bail at bottoms, while their “Smart Money” counterparts (fundamental-focused managers) take their lunch money.… Read more