Most investors were scared from the severe drops in global stock markets last week, caused by the freezing of the debt markets and the global recession fears which the tightening of the credit markets might cause. Most stocks have suffered double digit percentage losses since the start of the year, even after yesterdays record rally. It’s no place to panic however.

Ever since the broad market indexes entered into bear market territory, I have been checking the dividend champions list for bargains. I came up with a list, using the follwoing screen criteria:

Barron's cover story this week that looks at 10 potentially inexpensive stocks that may be worth investing in this down market.

A list of 45 stocks that pass the requirements of the Defensive Investor as detailed in Benjamin Graham's book, The Intelligent Investor.