Investment ideas for 2005

I summarize some ideas which will potentially affect my investment strategy for 2005.

1. Flat tax system proposed by Bush administration.
2. Transpostation sector which benefits from just-in-time inventory and Chinese manufactories.
3. Investing in Japan. (after 15 years declining of its stock market, it is time for them to go up. Evidence is that Japanese government does not intervene Japanese Yen appreciation against US $. Why? )
4. Pharma stocks. (Due to a basket of scandals, investors will have beaten this sector. In addition, sharply declining US $ will help largely increase their sales globally.)
5. Gold. No question against decling US $.
6. Energy stocks. No question. Betting on increasing demand from China. Limited supplies at least in 2-3 years. Canadian oil sand is very attractive, due to its stable environment and close to US market.
7. Coal. I love coal. Chinese are suffered to the shortage of electricity. Coal is a cheap supplies.
8. Social security tax reform. More demand for equity investment.

Other questions I don't have the answer.

1. What is the second tier for my current investment? Parma stocks?
2. How to play in a uncertain currency environment?

I may add more ideas later.