Alongside a stabilizing operating environment, a weaker U.S. dollar has also pushed emerging market equities higher. Markets initially overreacted to the idea that Ben Bernanke and the Fed would remove stimulus measures. Investors discounted the information too heavily into the present, and now a correction is taking place. Emerging markets had benefited from low interest rates for cheaper borrowing, and excess stimulus to be invested into their markets. As this has gone away and the U.S. dollar has strengthened, investors have lost confidence in emerging markets. A continually weak China has also weighed on emerging market revenues for exporting commodities. A stabilizing world environment and a correction from the carnage of the past few weeks have aided emerging markets, but the overall trend remains downward. At the time of publication the author had no position in any of the stocks mentioned.Follow @AndrewSachaisThis article is commentary by an independent contributor, separate from TheStreet's regular news coverage.