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Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

 

"... It’s not just US stocks that are entering bear market mode, btw:

  1. Spain’s stock market (IBEX) is in crash mode -24.2% from its April 2015 peak
  2. Germany’s stock market (DAX) is toying with crash mode -19.1% from its April 2015 peak
  3. Japan’s stock market (Nikkei) dropped another -2.7% overnight and is -17.4% from its July 2015 peak" 

CHART OF THE DAY: A Bear Market For Global Equities? - 01.12.16 EL chart