Gold Miners And Dividend Stock Shine

As we show in the Market Blaster video above, there were few places of refuge in the broad-based sell-off. Banks were slaughtered, with Citigroup down -4.2%, Bank of America whacked -4.5% lower and Goldman Sachs off -3.2%. Big dividend payers in the iShares Dow Jones Select Dividend Index (DVY) ETF were down just shy of 2%, and AT&T showed its defensive stripes, losing just 0.7%.

Gold was the big beneficiary of the stinker of a jobs report, as it may move the Federal Reserve to roll out another round of government-bond buying. The last two times Ben Bernanke and the FOMC launched quantitative easing measures in 2009 and 2010, gold went on massive runs higher.

Source: Forbes

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