The market just dropped the big, ugly “C” word on us. “Correction,” that is. The old stalwart Dow Jones Industrial Average recently broke into correction territory, dipping just over 10% in two weeks before clawing a little bit of it back. Along the way, the VIX – you know, the “fear index” – spiked to its highest levels since the 2007-09 bear market.
But while many investors might see this sudden burst of volatility as a reason to run or duck for cover, I see it as a chance to go hunting in high-yield dividend stocks.
They call it a “correction” for a reason: It’s because something was broken, and a price decline fixes it.…