The 3rd Qtr is upon us and the pundits all predict poor results. I wouldn't be surprised. The world is holding its breath really as consumers everywhere are battered by bad news, uncertainty and doubt. In such a world consumer purchases which are the driver for growth are at all time lows. If consumers are not buying then companies are not selling and the cycle of down continues. Having said that I think all the indicators are pointing to a turnaround and a good 2013 for stock markets globally. If you believe that then now is the time to invest in shares that have been worst hit. Which shares would these be? Well the shares most trammeled (and don't forget the market in the US and UK are near historic highs) are the high risk shares, tech and energy.
I would see a market dip at some point during or just after earnings season as media companies hype up the "terrible" results. This is a buy opportunity. Right now MRVL, EZCH, TSEM, DELL for example are near historic lows and are bargains. On Energy I am looking at NOG a share that has a lot of upside if the world economy grows and my shipping companies Teekay and Nordic.
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