[quote=paramount]If money is supposedly flowing out of emerging markets into US equities, why have the US market(s) taken such a big hit this year?[/quote]
When deleveraging occurs, everything can get hit. If what we are seeing is deleveraging, then I expect to see more asset price declines going forward. Of course, some will get hit harder than others. Just have to be very cautious and well-informed at this point, IMO.
