In the near term, Marc Faber sees plenty of money-making opportunities in stocks. Sure, prices aren't as cheap as they were in March, yet he's confident, "in this envionrment cash will become worthless." As a result, he says investors are, "better off being in equities," for the next two to three years.
Faber is most bullish on mining and energy companies. He recommends:
Newmont Mining and FreeportMcMoran as relative inexpensive. He also mentions Nova Gold, as another, more speculative buy.
In a contrarian call, on natural gas, he says Cheasepake Energy will be a winner when prices eventually rebound. Oil giant ExxonMobil is another stock he thinks offer good value. Outside of that, Faber says buying large-cap pharmaceuticals like Pfizer and Johnson & Johnson offer good defensive options.
Finally, he suggests U.S. airlines are poised for a rebound. If that happens, international airlines will follow and Thai Airways stock could double.
in Yahoo Finance
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
