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		<title>(O) Jeff Saut: Making a Case for the Bulls</title>
		<link>http://www.stockbloghub.com/2009/02/05/o-jeff-saut-making-a-case-for-the-bulls/2592</link>
		<comments>http://www.stockbloghub.com/2009/02/05/o-jeff-saut-making-a-case-for-the-bulls/2592#comments</comments>
		<pubDate>Fri, 06 Feb 2009 06:20:04 +0000</pubDate>
		<dc:creator>prieur</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Retail]]></category>
		<category><![CDATA[AFL]]></category>
		<category><![CDATA[AFLAC Inc.]]></category>
		<category><![CDATA[ALL]]></category>
		<category><![CDATA[Allstate Corp.]]></category>
		<category><![CDATA[ESS]]></category>
		<category><![CDATA[Essex Property Trust Inc.]]></category>
		<category><![CDATA[HD]]></category>
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		<category><![CDATA[Inergy LP]]></category>
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		<category><![CDATA[O]]></category>
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		<category><![CDATA[Polaris Industries]]></category>
		<category><![CDATA[Realty Income Corp.]]></category>
		<category><![CDATA[Republic Services Inc.]]></category>
		<category><![CDATA[RSG]]></category>
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		<description><![CDATA[This post is a guest contribution by Jeffrey Saut, Chief Investment Strategist and Managing Director of Equity Research at Raymond James &#38; Associates. I believe “income” will be a profitable investment theme for the foreseeable future. Indeed, the baby boomers are retiring; and, the yields afforded them via Treasury securities, money-market funds, and certificates of deposit (CDs) won’t supplement their retirement account incomes enough to support them in the style to which they have become accustomed. Enter stocks, which since 1926 have averaged a total annualized return of 10.4%. Interestingly, roughly 5% of that return has come from earnings growth, 0.9% has come from price-to-earnings (P/E) multiple expansions &#8211; but 4.5% of said return was derived from dividends. More than 40% of long-term investment returns have been driven by dividends. ]]></description>
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