Choppy markets have sent dividend yields to “unbelievably high” levels, says Jim Nelson. This makes today a great time to start income investing. Jim says Royal Dutch Shell (NYSE:RDS:A/RDS.B) and BP (NYSE:BP) are two cash-rich companies with consistent dividend payments and “absurdly” high yields right now.

It sounds like a war, doesn't it? It's the corporate type that will most likely end up in court somewhere. Citigroup (C) offered to pay $2.1 billion for Wachovia's (WB) banking operations just 4 days ago. What I don't understand is how Wells Fargo (WFC) could go behind Citigroup's back and do a deal, just like that. A copy of the exclusive agreement between WB and C can be found here.

My trading day, short energy and long financials. And how not to get to comfortable.