Marc Faber is a definite bull right now, despite his title as Dr. Doom. In the video below he makes his case for gold miners and for a general equity rally through April. His main points are:

Jeremy Grantham, who is chief investment strategist of Grantham Mayo Van Otterloo & Co and manages over $85 billion is telling clients to get out of cash.  His March newsletter had this to say:
Every decline will enhance the beauty of cash until, as some of us experienced in 1974, ‘terminal paralysis’ sets in. Those who [...]

In keeping with my the-sky-is-not-falling meme, I want t present yet further evidence that major market bears are increasingly seeing this market as a stock picker’s dream. We’re talking about Steven Leuthold, Bill Fleckenstein, Fred Hickey, Jeremy Grantham and Marty Fridson. Let’s add Marc Faber here as well.

Martin Fridson is one of the best known high yield bond analysts out there. For a very long time he was the head of Merrill’s high yield research group, the group that analyses the prospects of debt issued by companies with non-investment grade ratings. Recently, he has warned that default rates on high yield debt would soar and bond values would be crushed as yields rose. This has indeed turned out to be the case. Now, Fridson is becoming bullish and sees huge opportunities in the high yield corporate debt market.

After another brutal day in the market, whether the market is bottoming does not seem like the question on most people’s minds. Ten stocks declined for every one up today — and on heavy volume. Retail investors are clearly switching into cash and bonds judging from the recent price action. Yet, an increasing number of long-time bears are becoming ever more bullish as the market declines. Witness famous investor Steven Leuthold.

Fred Hickey is bullish. This is big news. He has sold all of his puts for the first time in years and is now playing the markets from the long side. His favorite picks are in precious metals and technology. See the attached video during his Barron’s Roundtable discussion.

James Montier, a market guru usually known as a permabear has turned bullish of late. In keeping with my bullish sentiments, I have posted his thoughts below according to Bloomberg News.

That said, I should always qualify my ‘bullishness.’ I still believe we are in a bear market and that equities will go lower on an inflation-adjusted basis. Investing only in index funds is a bull market strategy to be avoided like the plague. However, there are many stocks trading for 3 and 4 times earnings like Valero Energy or Chevron that deserve a look – Montier obviously agrees. This is shaping up to be a value investor’s dream.