By Avi Gilburt, ElliottWaveTrader.net
Bears seem to be roaming wherever you look, whether it be in the US equity market, the gold market, and especially in the emerging markets as of recently. Whether I read articles, or the comments to those articles, it seems there is a common expectation that “emerging market dominoes are falling” and it will “cause deleveraging and contagion” across portfolios worldwide.
It certainly sounds like a dire situation is developing in the world today. Does it not?