Forget banks - here are some real investment opportunities

All the carnage in the banking sector has obscured the fact that things are looking pretty good elsewhere in the market. John Stepek looks at the best ways to play the record oil price.

The chaos in the banking sector continues apace.

Northern Rock (NRK) saw its shares plunge again as investors suspect that, despite the government bail-out, it won't be attracting any buyers any time soon - at least, not at the current price.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.