What I read in to this is don't buy bank stocks because nobody expects the global Spanish inquisition. My belief is that things can potentially get much worse. Even if banks maintain their dividends, their share buy backs maintained share prices at minimums and without buybacks there's potential for a continued downswing in bank stock prices.
As far as AT&T is concerned, I'm wary, but will continue to cost average down at $28 per share, looking to cost out of a part of my AT&T holdings. Really looking for $26, but not sure we'll see that again. Famous last words.
Yes those others like MSFT will continue to pay dividends, but the same way I don't chase higher dividends now I won't chase lower dividends looking only for long term stock price improvement.
I'll take my chances.
