EFA: Germans saved the day today and kept most markets from collapsing. This may be just temporary as there are miles to go before things are settled "over there".
EEM: Stick save at support Friday as commodity markets reversed course. EWA: The Australian government proposed a 40% tax on miners which blew a hole in their markets. Now they're reconsidering. They did engage in a strong intervention to support the Aussie dollar. Don't you love these activist governments? EWC: Loaded up with natural resources which are under pressure. A good rally Friday helped but a 6% down week isn't anything to cheer about. EWZ: You can rest assured there a plenty of options specialists in the pits who cleaned up exercising $60 strike prices. RSX: Russia markets held support even thought the week overall was highly negative. FXI: A great week only being down slightly less than 2%. Continue to Concluding Remarks