|Devil's Advocates |
References to contrarians and contrarian investors have soared since 1999
|* Projected. |
Source: Dow Jones Interactive.
Will the real contrarian please stand up? To get to the heart of things, we put the conundrum to three bona fide contrarians: Dreman, Faber and Banc of America Securities strategist Tom McManus. Not surprisingly, they contradicted each other. Nonetheless, their conclusions aren't entirely at cross-purposes -- the collective recommendations to consider Japan and Asia, steer clear of frothy U.S. tech stocks, and hunt for value in the U.S. makes a lot of sense.