EEM: Interest rates are the key.

Many of the hot emerging markets, the sainted red hot Brazil and Central America, India, Russia, China. These are the so called BRIC markets in which their interest rates are increasing. When their interest rates increase, it increases the value of their currency, making it more expensive for outside countries to invest. I'm not saying there's no money here, but the big investors who are the so called rain makers of the 3rd world are finding other markets that offer comparable rewards for less expense.