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The Dividend Cliff

panzed Wrote: Oct 29, 2012 6:45 PM
Here's what the feckless Republican party has told its dupes to parrot about the USA's annual budget. "Federal spending in 2008 was $2.98 trillion under Bush, the highest spending of any one year during his Presidency. Obama 2009 = $3.52 trillion; Obama 2010 = $3.46 trillion; From:" Here's what these lapdogs do not know. 2009 belongs to GEORGE W. BUSH. These years are FISCAL YEARS. FY2009=(Oct.08-Sept.09) Bush signed the 2009 Fiscal Year budget. Bush handed out the TARP money to Wall Street; Obama got it back. Bush moved the costs of the wars off-budget; Obama put it on the budget. Let's not forget; the Republicans lie and American soldiers die.

Yesterday, we observed that investors have shifted their forward-looking focus in setting today's stock prices backward from the first quarter of 2013 to the fourth quarter of 2012 instead. Today, we'll explore one of the big reasons why: the looming dividend cliff. The WSJ's Jason Zweig explains (emphasis ours):

Enough about the "fiscal cliff." What about the dividend cliff?

At one second after midnight on...