While pundits and market strategists wonder when the U.S. will see a proper correction after technically holding key levels time after time, Emerging Markets have a different story to tell:

Emerging marketsWith another -1.4% move this AM Emerging Market (EEM, quote) equties are now down 21.3% since April and are entering yet another 20%+ bear market mode.

There have been more than 12 moves down of more than 15% in the last 10yrs with a eight being more than 20%...and a few significantly greater draw-downs.

Chart_ _EEM

 

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