Normally I would wait for a pullback but...
Stocks seem to be trading independent of each other, which is healthy. I see a lot of cheap names out there. Here are a few. Please, poke as many holes in my argument as possible:
ACI: they've got a big dividend. They are I believe cheaper than they were in march 2009. They don't seem too worried about a slowdown, and last year was the biggest year for coal in a long time, so even a slowdown from that is not terrible. China still loves the stuff, as do other emerging markets. I'm not a meteorologists, but I remember people freaking out during other warm winters too. Global warming aside, some winters are just warmer than others. People are freaking out now, so it's probably a good time to buy. Technically oversold, everybody seems to hate coal and there are a lot of shorts involved now. NG is holding coal prices down too. But if Obama gets the boot, that should change. Also, it's just way too cheap compared to oil. There are enough reasons to use NG that it should not be at a 10 year low. It's so low that many producers are shutting down. It's probably bottoming. ACI is one of the best Coal companies. Unless you think coal is going away immediately, which I doubt, this is a buy
DFS: P/e of 8, constant increased dividends, share buy back is huge, AWESOME sector to be in, good CEO, growth is pretty high, blows expectations out of water, and at mini-support. Not worried about the debt
JAG: oversold on panic with a ton of gold in brazil. That's about it
STD: CEO said profits should double by 2015 (and he seems honest), with a 13% yield and near March 2009 levels. Very diversified, and the strongest bank in Spain
AIG: if they get the government out, and with their real estate investments, is there any reason this won't hit $50?
Added bonus, since I don't want to make a new blog for this one line: if you ever say "a short seller is a future buyer" than please realize a buyer is a future aeller