NEW YORK (TheStreet) -- "If you are in the investment business and have an I.Q. of 150, sell 30 points to someone else. What you need instead is an emotional stability and inner peace about your decisions," Warren Buffett opined at a Berkshire Hathaway shareholders' meeting in 2010.Inner peace and emotional stability appeared to be in short supply on Wall Street the last couple of sessions. The keynote-of-the-day is more of the fiscal cliff paranoia that's taking the media by storm. This seems strangely familiar to me and smacks of all the fretting over the "debt ceiling" last year and the fallout from The Great Recession in 2010. If you don't know what the fiscal cliff is all about then count yourself fortunate. All I can say is it's a perfect set-up for a really great stock market holiday sale-a-thon. If you've been faithful with your
LUK's share price is down more than 30% from its 52-week high of $29.79, and trades closer to its 52-week low. It pays shareholders a relatively small 25 cents a share annual dividend, a payout ratio of only 12%. Clearly it was saving its $1.16 billion in total cash for the JEF deal.