Danger as indexes diverge from realities

Since the beginning of the year, the MSCI Emerging Market Index, which tracks the stock indexes of countries such as China, Brazil and Turkey, has increased more than 10 percent.

It has outperformed the Dow Jones Industrial Average, S&P500, Nasdaq and the soaring European and Japanese stock markets.

A stock market is often considered a barometer of an economy. While economic indicators remain weak in both developed and developing countries, an unusual divergence between strong equity markets and weak economic fundamentals is taking place.