Today I read Marc Faber's (gloomboomdoom.com) newsletter The January 2009 MMC
The title is amusing...
'The Future of Pessimism Has Never Looked Brighter'
Faber expects the market to rebound near-term but eventually sell off later in the year as additional poor economic data arrives.
He favors buying a basket of resource companies such as CVRD (RIO), Freeport McMoran (FCX), Newmont Mining (NEM), BHP (BHP), Rio Tinto (RTP), Oil Service Holders (OIH) and United States Oil Fund (USO) as they have been hammered in the second half of 2008 and the amount of money being printed should drive gold and other commodities up.
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