Gary Shilling's Six 'Buys' for 2010
Gary Shilling has announced six 'must own' instruments for 2010. Some make sense; some do not. Take any and all of the advice at your own peril.
1. Treasury bonds
2. Income-producing securities
3. Consumer staples and foods
4. 'Small luxuries' (e.g. second tier top-name wine)
5. U.S. dollar
6. Eurodollar futures
The core philosophy behind the calls is an expectation for tepidness or continued economic weakness. Though not stated so, even moderate economic strength could hamper most of these holdings.
Sourced: http://www.marketwatch.com/story//dow-15000-by-2011-dont-bet-too-quickly...
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