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Emerging Markets and Parallels to the pre-2008 Crash

Are there parallels between the pre-2008 U.S. stock market crash and emerging markets today?

Emerging market bulls (NYSEARCA:EDC) say that cheap market valuations are a reason to own stocks from countries like China (NYSEARCA:FXI), Brazil (NYSEARCA:EWZ), Russia (NYSEARCA:RSX), and India (NYSEARCA:EPI). Are they right?

AUDIO: Listen to Ron DeLegge @ The Index Investing Show

A similar argument was made about U.S.

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