Marc Faber sees plenty of money-making opportunities in stocks

In the near term, Marc Faber sees plenty of money-making opportunities in stocks. Sure, prices aren't as cheap as they were in March, yet he's confident, "in this environment cash will become worthless." As a result, he says investors are, "better off being in equities," for the next two to three years.Faber is most bullish on mining and energy companies. He recommends:Newmont Mining and FreeportMcMoran as relative inexpensive. He also mentions Nova Gold, as another, more speculative buy.In a contrarian call, on natural gas, he says Cheasepake Energy will be a winner when prices eventually rebound. Oil giant ExxonMobil is another stock he thinks offer good value. Outside of that, Faber says buying large-cap pharmaceuticals like Pfizer and Johnson & Johnson offer good defensive options.Finally, he suggests U.S. airlines are poised for a rebound. If that happens, international airlines will follow and Thai Airways stock could double.

Sure, I buy this argument, but only after the correction that must inevitably come.