Opportunity in Commodities

Just a word of advice, but I would start watching commodities. I don't think anything drastic will happen at the moment, but obviously when prices are this low they'll eventually go this low. Right now I'd probably avoid putting my money into commodities as they could still be a falling knife for awhile. But what I would be doing is setting up a plan for what to do with commodities in the future.

Oil - Look for companies with little debt, as many companies have overburdened themselves with bad debt. These companies will go under and the companies with a good cash management strategy will go on and up. 

If you want to keep things simple, look into oil ETFs. These represent a variety of oil stocks rather then just one.  Oil could in fact be hovering at its bottom so I would keep my eye on it. What makes oil so unpredictable is that damn dollar which brings me to...

Gold - BUY GOLD NOW! Just Kidding. I almost feel like gold is more unpredictable then oil. With a dollar that's on steroids right now there's no telling how low gold can go. Because of this I would not invest in gold right now. However while watching gold I would also watch the dollar. Once you see a downtrend in the dollar I would jump on gold.

Copper - Another popular beaten down commodity. We all remember the "copper rush" that took place a few years ago. Copper is trading at its lowest level in years but has since come off its January low. Look into companies involved with copper as they too should be falling right now. Once you see support develop I'd look at investing here.

Natural Gas - another beaten down, widely used commodity I'd keep my eyes on.