William Patalon III has a four-point plan to beat the bear this time round: 1) Load up on high dividend stocks; 2) Buy gold; 3) Stick to ‘global titan’ companies; and 4) Stay relaxed…

Wall Street is on its knees this morning. Lehman Brothers (NYSE:LEH) is out for the count. Merrill Lynch (NYSE:MER) has been sold for a song. And AIG (NYSE:AIG) is living on borrowed time after its stock was pummeled in Friday’s going.

Worse still, according to William Patalon III the wider US economy is sliding into a deep recession.

Things will only be getting stronger for Yum Brands in China were they open up a KFC every single day of the year! Not only do the Chinese people love KFC, but the upcoming Olympics should also bode well for them, as Westerners will flock to the restaurants they know in China like KFC and Taco Bell.