BUY STOCKS NOW-DOLLARS ARE LOSING VALUE AND THIS IS A GREAT HEDGE!...OR IS IT REALLY THE TIME TO BUY?

Marc Faber, editor of The Gloom, Boom & Doom Report is, by his own account, "ultra-bearish" on the long-term fundamentals of the U.S. market.

However, in the near term, Faber sees plenty of money-making opportunities in stocks. Sure, prices aren't as cheap as they were in March, yet he's confident, "in this environment cash will become worthless." As a result, he says investors are, "better off being in equities," for the next two to three years.

Faber is most bullish on mining and energy companies. He recommends:

* Newmont Mining and FreeportMcMoran as relative inexpensive. He also mentions Nova Gold, as another, more speculative buy.
* In a contrarian call, on natural gas, he says Chesapeake Energy will be a winner when prices eventually rebound.
* Oil giant ExxonMobil is another stock he thinks offer good value.

Outside of that, Faber says buying large-cap pharmaceuticals like Pfizer and Johnson & Johnson offer good defensive options.

Finally, he suggests U.S. airlines are poised for a rebound. If that happens, international airlines will follow and Thai Airways stock could double.

The side note to all this is that this assumes a lot having to do with world events, all of which could turn the entire market upside down.

What happens if........
Iran is attacked by Israel
What if Afghanistan is a lost cause
What if the economy tanks further
What if taxes increase next year as various tax incentives expire
What if the health taxes kick in
What if unemployment continues to grow and grow and people lose their benefits

Did you remember that in 2008, the best performing investment strategy was keeping your investment funds in your mattress? It created NO LOSSES, and was the best performer, beating all the various investor gurus.