How about bidding on drastically beaten down financials? "Not for me," he exclaims, "because I don't have a clear idea how to evaluate them at this time."
While stocks have bounced off their 13-year lows, Kaufman is by no means certain that the worst is over for equities. But for those thinking about reloading on stocks, Kaufman advises extreme caution and to keep things simple. "Restrict your sights to only companies with strong balance sheets, leading market share, and those that stand a high probability of enjoying sharp earnings growth when the economy does eventually recover."