Mind The EM—Markets Aren’t Heavy, They’re Fixing To Implode

However, as former FX trader and fund manager Richard Breslow warned “I keep visualizing oblivious fun-seekers in danger of getting way out over their skis.”

And judging by today’s price action – they were… Stocks down, gold down, bonds down, the dollar is spiking along with VIX… But, as Bloomberg reports, there are a lot more problems looming… Emerging markets aren’t heavy, they’re setting up to implode…