Tracking Dr. Marc Faber of The Gloom Boom and Doom report , Marc Faber nicknamed Doctor Doom , a world class investor and a regular speaker at various investment seminars, Dr Marc Faber is well known for his "contrarian" investment approach.
We had a very sharp drop [in Oil prices] and markets don't go up in a straight line and don't drop in a straight line so I think we can have a rebound here. Some oil stocks are reasonably valued.
Most analysts now predict Oil can drop to $20 a barrel whereas a year ago they were all predicting it will go up to $150 a barrel. So there is a chance that oil is kind of bottoming out here. But I wouldnt bet too heavily on an a major low. But I would bet on a rebound. I think oil stocks and oil servicing stocks could rebound.
Equally Gold shares are the most attractive within the equities market. They've been hammered over the last 3 years and are showing signs of bottoming out.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.