Buy, Sell, or Hold? (5)

With the 10-year U.S. Treasury now yielding less than 4%, these are very attractive yields.


As market fears subside, investors looking for a higher level of income will once again recognize these securities and move money back into them.


That should bring a recovery in their share prices.



In the meantime, we continue to earn over double the 10-year Treasury note.



In short, if we just look at the headline numbers of the major stock market averages, it's easy to come to the conclusion that we should get fearful, sell off stocks and move a large part of the portfolio to cash.


When you dig below the headlines and do some research you see that there are high-quality, defensive companies that make sense to continue to hold and to buy more.