Over the next year or so, the only industry to recommend with confidence is basic materials/mining companies. As the dollar continues to decline, and as China and Dubai inevitably cut back on their dollar purchases and American investments denominated in dollars, the safe haven is in minerals. Economic slowdown notwithstranding, tremendous growth continues in China and India, where infrastructure spending increases the usage of steel, copper, oil, nickel and other basic building blocks. Buy a major oil company---my favorite is ConocoPhillips, but anyone will do. Buy big mining companies, like Rio Tinto. Buy big steel companies, like Arcelor Mittal. Buy oil refiners, like Valero. Stay away from all financial stocks!