Just three months ago, online movie distributor Netflix (NASDAQ: NFLX ) was one
of the hottest stocks you could own, having soared 800% since the March 2009
market low. But then, in a matter of weeks, the companys business model came
unglued. After Tuesdays plunge, anyone unlucky enough to have bought NFLX at the
July top is now sitting on a 73% loss. My point? Investors are becoming
increasingly skeptical of outfits that promise fantastic earnings growth but
dont return any cash to shareholders in the form of dividends (or even stock
buybacks). Before the next mega-bull market is ready to lift off, I predict the,
Look, Ma, no dividends!, philosophy will have been completely discredited. Were
getting there, one Netflix disaster at a time. Meanwhile, dividend-rich stalwart
McDonalds (NYSE: MCD ) hit an all-time high this week. MCD is the answer to a
question that bothers many investors: If youre worried about a bear market for
stocks in 2012, why dont you sell everything? The fact is, some great defensive
stocks can hold their own even when the rest of the market is crumbling. With
its generous 3% dividend, McDonalds is
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