In times of AIG

Where there is nothing left but wait till AIG comes with 75 billion bucks, we should be thinking in holding cash, and foresee new chances to get our portfolio running in a very very volatile market. By saying so, I willing put some thoughts on the table as nothing but bad news are coming from every single place, market, or country. What to play? a question that still should take us to books and do what we hate to do: wait. Take your positions and hold´em until it breaks your stops, that´s the only way you can stay cautious and at the same time can have a bite of the of a turning market, a market where there is no direction or trend any longer as everything is on the floor or going ahead to it. Despite this you can call some longs and some shorts that make worth your time.
longs: Barrick Gold Corp, General Electric, Tesoro, Pacific Ethanol, Office Depot and Hecla Mining.
shorts: Deltic Timber, Northern Trust, Covance, Walter Industries, Flowserve, Capitol Federal Financial, Valmont

keep an eye on: Amgen and Wallmart