Cheers all,
Good list keep it coming!
So what do we see as the contrarian plays at the moment?
I am a long term investor and still see commodities as being the asset to boom over the next decade.
The general press is still apathetic to commodites despite the supply / demand constraints of a growing global population. Commodities have been hit this past 6 months but I see this as a cyclical downturn in a secular bull market.
The other area I am extremely keen on long term are the emerging markets. Again these markets have taken a hit recently as the US pulls their funds out to cover losses at home.
Nonetheless the long term FUNDAMENTALS of these markets are strong, which is not the case for the US, UK, Ireland, Spain and other Western markets.
By strong fundamentals I mean positive growth, growing middle classes, high education, growing consumerism, etc.
I truely believe the East will decouple from the West at some point but it will take 20 or so years to do.
The general press and people I know are again so apathetic to emerging markets. There is almost a disbelief that the Chinese, Brazilians, Indians etc could possible match our standard of living one day.
These markets have taken a much larger downward hit against the western stock markets and are currently priced at some very good P/E ratios for the long term.
So agree / disagree with the above?
Any other overlooked contrarian markets out there???
Which contrarians do you follow / agree with? Myself - Jim Rogers, Mark Shipman and more recently Marc Faber talks a lot of sense.
Cheers.