BALTIMORE (Stockpickr) -- August may be drawing to a close, but the latest round of market tumult hasn't yet. As Wall Street ponders the implications of Ben Bernanke's Jackson Hole speech just half an hour after this morning's open, it remains to be seen just how much volatility is going to come into stocks to end the week. But there's a way to skirt that volatility, and the smart money's already piling into it.I've talked a lot about the discount we're seeing in stocks in recent weeks. While fundamentals remain well out of synch with the market's pricing, there is a way to combat that disconnect: it all comes down to owning companies that are willing to share their record earnings with you. That means it all comes back to dividend stocks. Related: 3 Stocks Increasing High-Yield Dividends The smart money's been buying up corporate income en masse lately -- from institutional money flowing into corporate bonds instead of treasuries to Warren Buffett's recent $5 billion buy of Bank of America's ( BAC) 6% preferreds, income has become an under-the-radar angle in this market. Core income holdings are looking cheap in August, and the statistics suggest that the discount won't last for long.
Twitter and become a fan on Facebook. At the time of publication, author had no positions in stocks mentioned. -- Written by Jonas Elmerraji in Baltimore. Jonas Elmerraji, based out of Baltimore, is the editor and portfolio manager of the Rhino Stock Report, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including Forbes and Investopedia , and has been featured in Investor's Business Daily , in Consumer's Digest and on MSNBC.com.