Just to answer a post from Ron:

I went short emerging markets using a small mutual bear fund DXESX the other day. Don’t believe that the rest of the world gets a free pass if the US economy and stock market tanks plus I expect quite a bit of selling assets in the coming months to make margin calls.

I don’t know much about emerging markets but I want to post just one chart. That’s the imports and exports from ISM report:

It looks to my untrained eyes that our imports are collapsing. I hope those emerging markets are not exporting anything to us. Good for them