Buying High Yield on the Pullback

The post-election selloff accelerated Wednesday after President Obama's press conference made clear that both sides are going to dig in their heels before they meet to talk about resolving the fiscal cliff later this week. While some posturing is to be expected, the strident tone of the conversation is not helpful to the market. The president has publicly staked out a position of desiring to double the amount of tax revenue that was agreed to during the last debt talks in 2011. Hopefully, once these negotiations move behind closed doors Friday, the tenor of the conversation will moderate and be less impactful to market volatility.

We are getting closer to an environment where the market can recover, and I even took off some of my short positions just before the market close Wednesday. I also added to some of the high-yielding plays in my income portfolio as these dividend stocks have been hit hard since the election by investors taking profits to avoid higher taxes on dividends and capital gains in 2013....238 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.