Fear and Greed Are Your Friends

In his latest Forbes column, John Buckingham of Al Frank Asset Management says that fear and greed are providing some opportunities for investors right now.

“Fear and greed are in constant flux in the financial world. That’s fine by me, since temporary bouts of market irrationality allow patient investors to buy low and sell high.,” Buckingham says. “[Currently], the fear-greed pendulum has clearly swung toward fear in fixed income and also in gold.”

Buckingham says the recent gold tumble has made for some good buys in gold mining stocks. He also says that the “bloodbath in anything associated with yield as investors brace for the end of the Federal Reserve’s quantitative easing program” has made some real estate investment trusts very good buys right now. He’s particularly high on Barrick Gold and BioMed Realty.