Sunday, June 11, 2006

Santa Claus is coming to town ... make your list too!

You better watch out, you better not cry, ... yada, yada, yada ... he's making a list, and checking it twice, yada, yada ...

Time to make your list too! As regular readers of this blog are well aware, I think that some sort of correction is in the offing, if not now, probably within the next six months. I remain skeptical of whether current market levels can be maintained in what I see as signs of rising inflation, which must ultimately be met by rising interest rates. Against a backdrop of PE ratios at or above historical norms, I believe that this sets the stage for a market decline.

So while I've raised some cash in my portfolio, I happily await the correction. This should give me the opportunity to purchase some of my desired stocks and ETFs at nice discounts. I'm hoping for some of the following top-quality names to drop far enough for me to purchase nice big chunks that'll fuel my portfolio for awhile to come. Some of the blue-chip names I'll be following include:
and a few Canadian blue-chip stocks I'll be keeping my eye on ...
and I'll also be looking for deep, deep discounts in some emerging markets, including Brazil, South Korea, Taiwan, and Russia.

So, during this phoney war, don't waste your time either. Make your list and check it twice too.


The Confused Capitalist

1 comment:

Anonymous said...


Your list is similiar to mine, although I doubt WFC will drop very far.

But, you never know, hope springs eternal.

Keep up the good work!