"Still trying to figure out the option effect vs. the Obama cram-down/Eaton Vance (ETN)/Bank of America (BAC)." ("Deciphering the Washout," April 20, 2009)

On stocks of companies that have significantly lowered earnings guidance, buy defensive puts. This works for Texas Instruments (TXN), Ingersoll-Rand (IR), Eaton (ETN), International Paper (IP), National Semiconductor (NSM), Sandisk (SNDK), Illinois Tool Works (ITW), Massey Energy (MEE), Parker Hannifin (PH), Estée Lauder (EL), Time Warner (TWX), CSX (CSX) and Norfolk Southern (NSC).

Very good ROE

Some of the big industrials with China exposure -- Honeywell (HON), United Technologies (UTX), Eaton (ETN) -- are acting very well.

Best run company and honest.

Amid a bunch of them -- the semis last week, which I don't like but which moved up a tad and were therefore ripe for the picking in this new negative analyst world, as well as Eaton (ETN) today by Morgan Stanley -- are signs that the analyst community has been so burned in the recent past that they simply don't want to be recommending anything.

Think of it. Think of who has been killed here. Our steelmakers, as we have a commodity that is being priced badly for us. Our giant machinery companies like Caterpillar (CAT), Eaton (ETN) and Deere (DE). We need these to get hot, and a weak dollar will do it.

If I can get them at still-inflated yields, as I tried to get with Eaton (ETN) today before it ran, I am still on board.

From a recent Mad Money show:"I've been buying Eaton for my trust. It's one of my accidentally high yielders. I'm with this one."

meets big 3 plus high dividend yield