This year is already a sharp contrast to 2013, when the overall stock market rose an impressive 32%. Following the recent pullbacks, the market only needs to shed about 5% more to meet the widely accepted definition of a correction (a decline of at least 10%).
It has been a while since stock investors have had to endure such pain, so further sell-offs may prompt many to seek safer havens -- especially if a full-on correction materializes soon. Since bonds don't generally offer much in the way of returns right now, investors who want to dial back risk but still make money should consider top-flight large-cap stocks with attractive yields.
You might think they'd be hard to find after the market's long run-up, but they're available -- right under our noses, really. To spot them, just scan the list of stocks in the Dow Jones Industrial Average. You'll quickly see the index's top five dividend payers all have generous yields in the 4% to 6% range. And you should be able to count on them for attractive payouts for years to come. (more)
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