One major reason people do not make money and mostly lose money in the markets is that they do not look forward, but rather just stay in the present.

Markets tend to overshoot to the downside and upside.

Right now, I think fears of huge slowdowns in the emerging world are overblown. Most statistics show that these markets are factoring a very hard-landing recession.

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Yes, Brazil, Russia, India and China are seeing slowdowns. However, they have started to cut rates and are beginning to pump liquidity into their economies.

Yes, they all have issues, however, that is still where long-term growth is going to be.

What is amazing is how cheap these markets have become. The iShares MSCI BRIC exchange-traded fund (ETF) BKF trades at 8 times earnings and yields 2.6 percent. Now, this is 8 times earnings in economies that are growing at over 5 percent a year, on average. This is extremely cheap and much lower than the price-to-earnings ratio for the S&P 500, which is about 14.

Much has been made of the slowdown in China, but the iShares MSCI China Index ETF trades at 8 times earnings, as well. Therefore, a large slowdown has been baked into the cake, as they say.

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These markets tend to be quite volatile and subject to money outflows. As European banks owned a lot in emerging markets, they have had to pull out in order to raise capital. However, this has created forced selling and lots of opportunities.

These markets tend to see 30 percent corrections every few years, and due to their long-term growth potential, those corrections tend to be buying opportunities.

While they may not have hit bottom yet, I think that this correction will just be viewed as another buying opportunity in a few years time.

About the Author: David Skarica David Skarica is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He also writes the Gold Stock Adviser. Discover more by Clicking Here Now.