In the spirit of fading what CNBC is always pumping I have decided that the risk/reward is in my favor to put on a small short of one of the big div payers, I wont get into my reasons but I chose Dominion (D). I think that the yield seeking crowd is an extremely crowded trade and in the spirit of the market they will be punished for piling into what they believe is a safe play. I cant take hearing another guy coming on to the tube telling me his call for 2012 is "safe" dividend paying stocks. I know shorting something at an all time high is not the smartest idea but I feel we have hit a good risk/reward balance. I feel theres way less downside risk on the short side. If I can avoid the ex-div date I also wont need to pay the dividend for the shares I borrowed. Interested if anyone else agrees/disagrees. Thanks.