Could 2013 have started with any more of a bang?
The Dow Jones Industrial Average and the S&P 500 Index just posted their best January performances since the mid-1990s. The Dow is above 14,000 for the first time since 2007. And the Wilshire 5000 — a broad index consisting of 6,700 stocks representing U.S. markets — is sitting at a new all-time high just above the 16,000 mark.
Naturally, many of us are starting to wonder when the other shoe will drop.
InvestorPlace editor Jeff Reeves points out a number of trends pointing to at least a short-term stumble, including heavy inside selling, frothy valuations and the technically overbought status of stocks across the board. There’s also the less-than-promising data on the U.S. jobs front, not to mention that nagging reminder about what happened the last time the markets reached these levels.
However, investors in it for the long haul can rest a little easier by making sure they have at least some exposure to rock-solid, income-producing blue chips. While they might not necessarily soar when the market goes bananas, they’re also more apt to maintain their value when the crap hits the fan. Best of all, through all that turbulence, they make sure you get yours — in the form of steady, substantial dividend payments.
If you’re looking for this kind of security, a great place to start is the veritable who’s who of American blue chips, the Dow Jones, and its top 10 dividend payers. Here’s a look at each: