The only stocks you should own right now are those that have been raising their dividends over the past 5 years. The act of raising the dividend reflects the real money a company has versus the lies the likes the mortgage brokers will tell you.
Strangley some of the companies that has seen the best, strongest and most stable profit groth has been in the REITs. My REITS have all traded down with the market. But unlike the market my REITS have bought me 4% more ownership every year. With time that will reward me. As the FEDs cut unterest rates to ZERO because Bush has destroyed the country by spending more money than another president in history that REIT dividend is going to look more and more attractive. The market will fix the high dividend by raising the stock price to lower the dividend percent payout.