This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

As his top idea for 2009, fund expert Doug Fabian eyes Powershares DB Crude ETN (NYSE: DXO). In his Successful Investing newsletter, he looks at "an aggressive fund" that moves double the underlying index.

The advisor continues, "I like oil at its year-end 2008 bargain prices. One way to invest in oil and ride its likely rebound during 2009 is to buy the PowerShares DB Crude ETN.

"This is a two beta or double long exchanged traded note. This is an aggressive position and should only be used with more speculative capital.

"In late 2008, oil was trading 60% below its 200-day average, a very rare occurrence. Indeed, oil has fallen 70% from its 2008 highs.

"DXO seeks daily investment results, before fees and expenses, which correspond to twice the daily performance of the Dow Jones U.S. Oil & Gas index. If the Dow Jones U.S. Oil & Gas index moves up 2%, DXO will gain 4%. This ETN could recover strongly in 2009."

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