Correlation between the Nasdaq and Emerging markets

If history is of any guide we can wait another 16 months.
Lots of reason to draw a comparison between the TMT bubble and the emerging market one. Post LTCM the easing of monetary policy has fuelled the TMT bubble and attracted easy money on th basis that the internet revolution was a growth theme, immune to the economic backdrop. Today the conventionnal wisdom is assuming that emerging markets can weather any softness in the US and the rest of the world…. Still unproven.
"click on the chart to enlarge"