Emerging Markets: Boom, Bust, Repeat, Yawn

Emerging market stocks had a difficult year in 2013. They're having a rougher year in 2014. The usual suspects are being blamed: rising interest rates, fears of a global economic slowdown, bubbling real estate prices in parts of the world coupled with a looming bank crisis, political turmoil in some countries, and the list goes on. In the words of the late Yogi Berra, "It's déjà vu all over again."