Marc Faber has a couple of interesting buy recommendations:
- Bank stocks like Citigroup. He thinks that they will go up short-term due to government bailout programs, but eventually go to zero. So he’s talking about a short-term trade, not a buy-and-hold play
- Asian stocks are undervalued, and he recommends people allocate 10-20% of their portfolio in emerging market stocks
Note: I am not an investment advisor and this should not be taken as investment advice.