If we needed a reminder of the consistent mess in the emerging market economies, we got it last week when the Argentine peso fell by 32%. Emerging markets offer market participants the potential for fantastic percentage gains. However, rewards are commensurate with risks, and then the emerging markets go south, they tend to do so in a big way.
Argentina's is the neighbor to South America's leading nation when it comes to both the population and the size of the overall economy. Brazil is a mineral-rich nation that supplies commodities to consumers around the globe.