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A phrase made famous in the 1994 movie, Dumb and Dumber, starring Jim Carrey and Jeff Daniels, this line certainly can be applied to the investment world.  When it comes to market performance, there is always a chance…a chance for ups and downs.  In the perpetual “doom and gloom” era we now seem to be living in, where folks are endlessly just waiting for the next crash, Sam Stovall at Standard & Poor’s offers up some hope.  As of early October, the dividend yield on the  S&P 500 Index is hovering around 2.15%, while the yield on the 10-year Treasury note is around 1.57% (Bloomberg).  Since 1953, whenever the dividend yield on this particular index has exceeded the yield on T-notes, the S&P 500 posted an average gain of nearly 20% in the following 12 months, while rising in price more than 80% of the time.  This is not a forecast, guarantee, projection, guess, or crystal-ball reading.  It’s just interesting.  Stay the course.  Stay diversified.

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