Dreman Finding Value Amid Fear

Contrarian guru David Dreman says that while he expects significant volatility going forward, he’s still finding value in the market. “I think while value is there, we’re all going to have to have much more cast-iron stomachs to be able to go through this,” Dreman tells CNBC. “But at the same time I think stocks are pretty cheap and we will see higher prices a couple years out.” He sees opportunities in some fear-filled areas of the market, including oil exploration and development, oil services, and financials.

Send a Comment

Your email address will not be published. Required fields are marked *