I agree and plan on buying HNZ and KFT. The market will likely go lower after the New Year. For fresh money, I believe that's a better entry than now. These lows will be retested and probably pushed lower. Iam more of an optimist and never had a short pos. in my life. In fact Iam long gold and tech now. I just believe markets are going lower before it goes higher. Tax loss sell off end of year and dismal out look '09. No need to rush right now. Doing the same with PG,KMB,DOW,GE.
It's down 10% from when it had bounced back from the October sell-off. This is probably a good point to buy more shares. WIth a fair degree of certainty involving earnings, best type of stocks to buy in this environment as opposed to cyclicals.