By Donna Kardos Yesalavich
January 6, 2011
The rebound in U.S. stocks to 2008 levels has come as investors have been encouraged by improving economic data, stimulus measures from the Federal Reserve, and rising corporate earnings. U.S. corporations, meanwhile, are paying more in dividends than they were in 2009, but they are hesitant to raise their payments too much until the economy appears to be on firmer footing.
“It actually makes perfect sense,” said Keith Springer, president of Springer Financial Advisors. “Stocks are at highs for growth reasons, because earnings have increased. But companies … they’re just afraid to release the cash they have on hand because they’re unsure of the economy, they’re unsure that we’re in a true recovery.”
View full article in the Wall Street Journal