I think the Dow Jones is likely to be unsettled by the rash of institutional failures this week - Lehmans, AIG, Merril Lynch, as well as Fred & Fanny Mae. This will undermine confidence and have the market wondering whether there is more to come. I am thus expecting another bad day. I am expecting the Dow Jones Index to reach 10,000 pts overnight, but I am expecting it to recover in the afternoon. I thus think the time to buy in Asian markets (and Australia offers the best buying) is before closing tonight, because once investors see that the Dow recovered overnight they will read this as a time to buy. The message for American investors is to buy tomorrow around lunchtime. The times of stocks to buy are of course those with exposure to staples like utilities, food, and I would also suggest commodity based stocks, since the weaker USD outlook will be good for those, particularly in the food arena.Andrew Sheldon www.sheldonthinks.com





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