NEW YORK ( TheStreet) -- Some of last year's Dogs of the Dow, the laggard stocks in the Dow Jones Industrial Average with the biggest dividend yields, aren't getting any prettier this year. And maybe they'll turn into mutts for 2012.The Dogs of the Dow theory posits that underperforming companies in one year become outperformers in the next. Record volatility in the stock market has upended that investment strategy, with three of the worst-performing companies this year -- Bank of America (BAC - Get Report), Alcoa (AA - Get Report) and Hewlett-Packard (HPQ - Get Report) -- having been included in the bottom five in 2010. Next year may not be any better for those companies, as each faces deep-seated problems they can't solve quickly.
5 Biggest Dow 'Dogs' May Be Mutts in 2012 Too
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