there's the vanguard emerging
markets down 2.2% vwo, the eem
is the big one there, i always
point out that the big chinese
internet companies are the big
oldings of the eem
and it not a traditional type of
play, all of these basically
track these global indexes, so
it's a pretty big hair cut
the s&p is up more than 6% year
to date.
>> if we just look at the dollar
index.
>> yes
>> the dollar looks like it's
been stronger this year.
you compare the dollar against
emerging markets, wow, it's
taken off like a rocket.
this situation where turkey
probably reminds everyone just
how expose everyone is to a
strong dollar, certainly
wouldn't be as bad as we're
seeing with turkey
>> the emerging markets currency
index are looking pretty much
highly stressed, let's put it