If you utter the “C-word” than the words “emerging markets” must come next

Ah…is Mr. Market finally waking to the systemic global macro threat that was always lingering in the background of Eurozone debt default? “Yes indeed,” he said.

There is much talk of the dreaded “C-word” in the financial press this morning—CONTAGION! Keep in mind, if you utter the word contagion the words emerging markets (EM) must come next.