Monday, January 12, 2009
Here's a round up of what investment advisors are saying today:
- Marc Faber: As summarized by Yves Smith, "Faber concedes an equity rally is still possible, which he thinks would lead to a reversal in gold, which he argues would make for a buying opportunity. In general he prefers the risk/reward ratio in commodities to that of stocks. He also recommends selective buying of Asian equities, with the caveat that prices could fall further in 2009"
- Faber is also bullish on oil, as are Jim Rogers and Boone Pickens
- Meryl Witmer likes Kaiser Aluminum, Allegheny Energy, Assurant, and Discover Financial Services
- Fred Hickey likes Microsoft, Cadence, Market Vectors Gold Miners ETF, Agnico-Eagle Mines, PowerShares DB Agriculture Fund, and iShares Trust FTSE-Xinhua China 25 Index Fund
I am not commenting on who - if anyone - I think is right and who I think is wrong, but only summarizing what some of the top advisors are saying. In addition, you should check the links to make sure that the information contained herein is accurate, and to read any price or timing recommendations (concerning when to buy, sell, or short) of the advisors.
I am not an investment advisor and this should not be taken as investment advice.