Emerging Surging

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If there’s one class of equity that has clearly reached escape velocity, it is that of emerging markets (symbol EEM). Notice how the saucer top analog was aborted, and this sucker is just ripping higher.

slopechart EEM
click me!

Of course, my ulterior motive for rushing this post out was that I couldn’t stomach the fact that almost no one understood the allegorical nature of my prior post. Ouch.