Think about it for a minute. Our economy is incredibly diverse, and though things appear to be bad, they are not devastating. I mean if billions of dollars of lost capital, home price declines, and higher oil prices doesn't kill the consumer, nothing will.

No this is just a period of digestion and balance-sheet repair. There is nothing on the horizon to suggest that we are falling off the cliff.

So what stocks should we be buying in anticipation of the next rally? Well there are lots of places to go. Tobin Smith's ChangeWave Investing newsletter has a number of options in his recession-buster portfolio.

In perusing this list one name caught my eye, MFA Mortgage Investments, Inc. (MFA). It may seem counterintuitive to mention a name that participates in an industry that has as many problems as mortgage finance, but that is exactly the point.

While the problems in the industry are quite real, there are many examples of stocks being severely punished by association. MFA is one such stock.

Amazingly, this company has held up relatively well during the credit crisis. It was only in early March that shares of MFA finally succumbed to the pressure having lost half of its value.

Since that time, the company only increased its dividend noting that its loans were performing just fine. At current levels MFA is paying a very healthy double-digit dividend yield.

With MFA, we have a stock that could theoretically double in value over time and while we wait we get paid a double-digit yield.

It really doesn't get much better than that. Despite the doom and gloom talk, there are plenty of opportunities in the market. My mentor would be drooling over a stock like MFA!

I suggest you do the same.

Forget about the banks and the homebuilders–they're going to be in rough shape for a long time. You need to focus on the great secular growth areas of the global economy where investors can make some nice profits in '08. Want in? Just sign up for your 90-day, risk-free trial subscription to ChangeWave Investing!