With Europe in trouble and China’s rate of growth slowing, the United States may eventually be the fortress of the world’s economy. That is why I’m bullish long term, but shorter term, the market is telling us that the trend is down and that defensive measures should be taken.
Some hope for the bulls was provided from a statement by Fed Chairman Ben Bernanke that “there is room for more action on the part of the Fed to shore up growth.” Bernanke is expected to speak on Aug. 31 at the Fed-sponsored Jackson Hole meeting. And there is continued optimism that the European Central Bank (ECB) will act to suppress the euro-zone debt crisis.
In such an uncertain environment, it is best to stick with high-quality stocks with proven performance and solid dividend yields. This month’s picks should provide for a higher-than-average degree of stability and return despite the national and international risks.
Here are your top stocks to buy for September: