Swings in commodity prices are often exaggerated in both directions, says Eric Roseman. And that’s exactly what we have seen with crude oil prices this year. But Eric says most of the destruction in demand is now priced in. But long-term supply will still be tight. That’s why we should be near the bottom of the oil cycle, with potentially massive gains for investors that by now.

Investors interested in putting their money into China next year may want to look elsewhere for potential gains. It seems that 2009 will be a repeat of 2008, according to a story in today’s People’s Daily.

While the U.S. Federal Reserve is expected to cut its benchmark Federal Funds target rate to a record-low 0.5% at its policymaking Federal Open Market Committee meeting tomorrow (Tuesday), the European Central Bank (ECB) is signaling a reluctance to drop its key rate below 2.0%.

Commodities will rebound in the New Year, says Martin Hutchinson. Supply and demand fundamentals remain bullish for natural resources. Even more importantly, massive increases in the money supply will create inflation, against which hard assets are an important hedge. Martin gives five ways to play this trend in 2009.

Wal-Mart (NYSE:WMT) is thriving as recession grips the economy. As a cost leader in the retail sector, the company is benefiting from an increase in thrift. And it continues to expand its operations overseas. Horacio Marquez says Wal-Mart should emerge stronger than ever from this crisis, making it an essential part of any stock portfolio.

The brutal market sell-off in emerging markets has led many to doubt their importance in the global economy. But Horacio Marquez says the ‘right’ countries in Latin America will thrive in the New Year. Top of the class is Brazil, but Horacio also sees good opportunities in Chile and Mexico.

Stocks are up 20% from their November lows. And they could go much higher. But don’t be fooled by this “sucker’s rally”. The Dow is on its way to 5,000. The Fed is trying to stop it. But remember, the Fed caused this crash. And it was government ‘rescues’ that made the 1930s Depression so Great…

Chocolate is one of the world’s best comfort foods. And now the world’s largest bulk chocolate maker might be able to bring investors some relief from the market blues, says Adam Lass. Barry Callebaut AG (SWF:BARN) is planning to start producing in Brazil, where it hopes to tap into a big – and rapidly growing – South American market.

The world is changing. The American consumer has been the backbone of the global economy for the last quarter of a century. But the credit crisis is ushering in a new era of thrift. Is this the end of the world as we know it? Yes, says Justice Litle, but it isn’t necessarily a bad thing…

China is not immune to this global recession, says John Crooks. And as the ‘world’s manufacturing plant’ stumbles, it will take down many others with it. Emerging economies that relied on China buying raw materials will be hit hardest. And any developed nation with exposure to these markets will be dragged down too.