David Dreman of Dreman Value Management says, “the outlook for the market couldn’t be murkier” in a Forbes column. He notes that corporate revenues and profits for the S&P 500 are slightly down from 2014 to 2015, but that the P/E ratio for the S&P 500 is above its long-term average. Overall, he predicts “that 2016 will be a year without significant movement up or down.” Further, he recommends value stocks, particularly in cyclical, energy companies, and mining outfits. Along with noting their cheap price and highlighting the importance of investing in solid companies, he observes that it is possible “energy stocks can come back sharply with any cuts in the oil supply by OPEC” but that it is impossible to predict when that may happen. Likewise, he anticipates “a big rebound in the commodity complex, albeit one that is impossible to time precisely.”