Bee since I offered to give you portofolio analysis for a year, I want to go ahead and be true to my word. Please note that these selections are not permanent, they may change over the course of the year. Also note the fine print, invest at your own risk.
Historically, October has been the sell off month, all the market crashes happened in October. So to prepare you on the fast approaching buying opportunity, here are some stocks that I think would make you money.

1. Pfizer($18.43)
2. Intel($19.60)
3. AT&T($28.10)
4. GE($15.67)

All these stocks are in the Dow 30, meaning they are very well capitalized plus more importantly they pay very good dividend yields. If you decide to put X amount on each of them, please double your amount of Pfizer. Also note that AT&T is planning to takeover Tmobile, though the Feds are blocking the takeover. If you buy before the takeover, you can make a handsome profit , if AT&T is not succesful in the takeover, you are still invested in a great company. These 4 stocks should make up roughly 40-60% of your portofolio.
Then we move to growth stocks, a bit tricky coz I dont want to steer you in risky waters and you lose your money. So I will stay with large to midcaps that have been beaten down.

1. Xerox($7.88), this stock looks so promising, large market cap, revenue is up, net income is up, assets are up, im loving this stock.
2. Societe Generale ($6.18) I like this stock coz its one of Europe's biggest banks, its a great buy if Europe implodes.
3.Bank of America, im assuming you already own it, it will go through tough times but will come out victorious.

Lastly, leave some cash on hand, during these dicey times you need cash on hand just in case.
Please note that I am not currently buying, apart from BoA that I already own, im waiting for October to see which way the wind blows, you should do the same. I will make a point to inform you when I get in.

Aguy, I am not invested at the NSE yet. I definetely will once I figure out how to open a CDS that I can track online without relying on my mum to do it for me, lets just say we are exact opposites. But im not that much in a hurry coz NSE is set to bleed atleast until the beginning of next year. SSA defintely is the next big thing, once the yankees figure out how to stabilize their economies.

How have Societe Generale and BoA performed during the period?

@ Nabwire,your finance professor must be very proud of you though he forgot to remind you to dissociate theory from reality,sell offs were triggered by the S&P downgrade and the PIIGs debacle,keep on waiting for October just the way guys were waiting for Paka at 3 ...the portfolio you are constructing above sounds like those fantasy portfolios you guys create in business school

@Nabwire, whats the dividendd yield of those stocks eg GE, AT&T,pfizer and intel