Tuesday, September 22, 2009

Dr. Doom (Marc Faber) Says "Buy Stocks"

because U.S. dollar will be worthless.

Marc Faber, of The Gloom, Boom and Doom Report, says there are money-making opportunities in stocks, by going long.

In his interview with Yahoo Tech Ticker,

"However, in the near term, 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 environment cash will become worthless." As a result, he says investors are, "better off being in equities," for the next two to three years."

He sees value in energy and mining stocks, and some more:

  • Newmont Mining (ticker symbol: NEM)
  • Nova Gold (NG)
  • Chesapeake Energy (CHK)
  • Exxon Mobile (XOM)
  • Large-cap pharma like Pfizer (PFE), Johnson and Johnson (JNJ) as defensive play
  • Airlines including Thai Airways
  • Russian market
  • U.S. real estate

(If the video doesn't work (as the embed code keeps disappearing after I paste it!!), click on the link to Yahoo Tech Ticker here and view it at Yahoo.)


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