How is your summer going?What I am picking up for the summer
(JNK)-$34.84-DIV $4.55
(HYG)$78.36-DIV $8.12
(IYJ)$43.54-DIV $2.73
(PPF)$31.91-DIV $2.83
(PGF)$14.40-DIV $1.46
(MUB)$99.69-DIV $3.66

How do I know we have hit the bottom in the stock market?I was scanning the magazine rack yesterday when I spotted the ultimate contrarian indicator on a Time magazine cover.

My new list of Dividend yielders is out.
I will be acquiring these stocks below for 2009-2010

iShares iBoxx Investment Grade Corporate Bond Fund --LQD$5.15

Enhanced S&P 500 Covered Call Fund--BEO$2.20

iShares Dow Jones Select Dividend Index--DVY$2.42

Western Asset Premier Bond Fund--WEA$1.13

BlackRock Preferred Income Strategies Fund--PSY$1.38

Claymore Zacks Yield Hog--CVY$1.41

Vanguard REIT--VNQ $3.00

As I find more ideas I will post them to this list.

Im happy to announce The Dividend Machine has made money again.
$1.722.77

CEMEX
CX:NYSE
Dividend/Yield .83

The Group's principal activities are producing, distributing and selling cement, ready-mix concrete, aggregates and clinker and providing services to the construction industry.Bought 50 shares at $10.00 today.

Empire District Electric Company
EDE:NYSE
Dividend/Yield $1.28

Empire District Electric Company. The Group's principal activities are carried out through three business segments: Electric, Gas and Other. The Electric segment generates, purchases, transmits, distributes and sells electricity in parts of Missouri, Kansas, Oklahoma and Arkansas. It also provides water service to three towns in Missouri. It provides electric service at retail to 121 incorporated communities and to various unincorporated areas and at wholesale to four municipally-owned distribution systems. The Gas segment provides natural gas distribution to communities in northwest, north central and west central Missouri..I own shares of EDE

Im enjoying the Macy's Thanksgiving Day Parade.Happy thanksgiving from Manhattan.

I bought 13 shares of general electric today at $15.57Am I the only one buying out hear?

Obama details capital gains, dividend tax plans
8:41 PM, August 14, 2008

Sen. Barack Obama's campaign on Thursday spelled out the details of the Democratic presidential candidate’s tax plan on his website and in an op-ed piece in the Wall Street Journal.

I just wanted to note the basic proposals for capital gains and dividend tax rates here:

Families with incomes below $250,000 would pay current capital gains rates (a maximum tax of 15% on gains on assets held more than one year). Those earning more than $250,000 would face an increase -- a top rate of 20%.

The top dividend tax rate would remain the current 15% for those earning less than $250,000, but would rise to 20% for those earning above that threshold.

For single people, the tax increases above would apply to those earning more than $200,000

Obama Capital Gains Tax Hike Would Hit N.Y. Hard (The New York Sun news artical)
Specifically, Obama wants to raise taxes on income, capital gains, and dividends for families earning more than $250,000 annually.(NRO Financial web page)

Foreign Reaction to Obama’s presidential win
Frances Nicolas Sarkozy’s said in a telephone interview that Mr. Obama “embodies the America of today and tomorrow.
Gerard Baker, the U.S. editor of The Times of London, wrote: "In 220 years a country that has steadily multiplied in diversity, where ethnic minorities and women have risen to the very highest positions in so many fields of human life, has chosen a succession of 42 white men as its leader. For good measure, the vice presidency, the only other nationally directly elected position in the US government, has been held by a succession of 46 white males."

I bought 12 shares of Bank of America today at $21.56

The recovery rally after climax selling is temporary.It is part of a longer-term consolidation pattern that may last months, or even a year, and make more new lows before a new sustainable uptrend can develop.The bull market rebound rally follows a temporary selloff. A bear market rebound rally follows climax selling. It is a relief really, but it is not part of a sustainable trend change.

I bought 15 shares of Bank of America today at $19.27

I predicted this in July.I reprint my prediction below.The post was from 7-9-08

2008 STOCK MARKET CRASH

I believe the stock market is due for a correction. I will jump back in when the Dow hits 10,500 or less.

A technical indicator named after the famous crash of the German airship of the late 1930s. The Hindenburg omen was developed to predict the potential for a financial market crash. It is created by monitoring the number of securities that form new 52-week highs relative to the number of securities that form new 52-week lows - the number of securities must be abnormally large. This criteria is deemed to be met when both numbers are greater than 2.2% of the total number of issues that trade on the NYSE (for that specific day)Traders use an abnormally high number of 52-week highs/lows because it suggests that market participants are starting to become unsure of the market's future direction and therefore could be due for a major correction. Proponents of this indicator argue that it has been very accurate in predicting sharp sell-offs in the past and that there are few indicators that can predict a market crash as accurately.

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Ben Lichtenstein on Jul.11th said 'If the Dow trips through 11,000 or lower, then 9,500 is possibility too'(LINK)

I bought 18 shares of GE at $23.31 Dividend $1.24