Read and buy some June-Sep 2015 index put options: http://www.telegraph.co.uk/finance/...-trillion-of-emerging-market-dollar-debt.html and put this into perspective with this here: North Sea oil industry 'close to collapse' http://www.bbc.com/news/business-30525539 Fasten your seat belt for the ride....
In 2010 it was Greece. In 2011 and 2012 it was the whole Euro region. In 2013 there was the taper tantrum. In 2014 (and earlier), a number of analysts were forecasting China's credit bubble to pop. Every mini crisis above has been quickly followed by stocks surging to new highs by central bank action and communication. I expect the the emerging market situation will be the same.