Gary Shilling ... 2010 Investment Themes

TPV recommends www.safehaven.com as a great free source of information on financial markets from commentators looking to market their wares. The link here takes you to Gary Shillings 2010 forecasts which I highly rate based on his previous track record. A summary of his prognostications is:

Buy

• US Government Bonds
• Income producing stocks
• Consumer staples and food
• Small luxuries
• The US dollar

Sell

• US stocks in general
• Homebuilders and related stocks
• Big ticket consumer discretionary (i.e. boats, cars)
• Banks and financials
• Consumer lenders
• Low tech and old tech stocks
• Your house if you intent to any time soon
• Junk bonds
• Commercial real estate
• Most commodities (bad for Australia)
• BRIC country stocks and bonds