once liquidity dries up these international markets could easily see a 10% drop in a matter of 4-6 weeks. These markets have gone up too quick to fast. I remember last may/june of 2006 when most emerging market stocks fell over 25% in a single month.
Why would anyone follow an "indicator" that continually traded lower after breaking support in mid-2003 ( in the 18's and 19's )while the S&P continued to RALLY to new highs month after month after month? Even more recently, the S&P rallies from 1300 in early September to 1450 this week and the VIX drops from 14 down to 10 over that same time period. Get a clue people. It's a HORRIBLE "indicator"!!!
Ohhhhh YEAHHHH!!! Could interviews on CNBC and Leno, and our own "Money" show, be far behind? BOOOYUHH! "BUY BUY BUY" "BUY BUY BUY" [freight train sound] [cash register sound] ...