The worst is yet to come’: 

Experts say a global bear market is just getting started

Bear markets — typically defined as 20 percent or more off a recent peak — are threatening investors worldwide. In the U.S., the Nasdaq Composite closed in a bear market on Friday and the S&P 500 entered one on Monday. Globally, Germany’s DAX, China’s Shanghai Composite and Japan’s Nikkei have also entered bear market levels. 

More generally, investors have fewer reasons to be optimistic now because the Fed tightening monetary policy means there will be less money for investments, said Vishnu Varathan, head of economics and strategy at Mizuho Bank.

Nasdaq, “Tech,” & IPOs are in for Gut-Wrencher

That would make sense: The year 2000 was when the dotcom bubble began to collapse catastrophically, and everyone tried to get their heroes out the IPO window before it would close for years to come. The Nasdaq, where these IPOs were concentrated, would eventually crash 78% from its peak in March 2000, with catastrophic consequences for those who’d bought the hype.

SANTA CLAUS RALLY TURNS INTO MARKET CARNAGE: 

Precious Metals Push Higher In A Sea Of Red

It was very interesting to see just about everything trade deeply in the RED today except for the precious metals.  Gold was up nicely by $13+ and silver gained nearly 1%.  Hell, even the U.S. Dollar Index fell 33 points.  I was quite surprised to see the oil price fall that much on Christmas Eve after it has been down 40% since the beginning of October.  The West Texas Intermediate Oil price fell $2.91 to a new low of $42.53.  That is very BAD NEWS because it is now below the very critical 400 Month MA of $43.83:

DYI:  With all of the carnage the oil market has now moved into the bargain range.  How much lower is anyone’s guess?  What we do know dividend yields for oil/gas exploration and development companies has improved due to their lower stock price.  Currently Adam’s Natural Resource Fund [symbol PEO] yield is 4.61%.  A decent yield while you wait for a recovery in oil prices.  If oil prices drop further this would only be an encouragement to buy additional shares dollar cost averaging into a higher yield.  Obviously this is not within the realm of DYI’s model portfolio but when this possible opportunity presents it self I like to pass it along.

DYI