Anyone who uses the traditional 60/40 portfolio model knows that with bond yields so low and likely to stay depressed, an alternative is needed. I have been wrong about recommending IBM at higher levels. IBM is now very close to a 6% yield and is going ex dividend in early November. The dividend is safe as the company, despite it’s growth problems, generates significant cash flow. The chart shows a gap at 95 from after the March crash. I wasn’t sure if it was going to get filled but it now looks all but certain. If you know anyone who needs or wants yield, IBM at 95, especially if it gets there in the next few days, is my chosen vehicle.