Irwin Greenstein says emerging markets could be about to bounce back.

That’s because a powerful alliance within the World Trade Organization of China and India is seeking a compromise to contain domestic food inflation by raising farm tariffs and subsidizing local producers.

Irwin says growth in developing countries is still much stronger than the US. And if they can rein in inflation, their economic outlook will improve rapidly. That’s why the latest WTO development offers investors an opportunity to cash in when emerging markets rally. More from Irwin…

Crude oil futures have fallen below $125 a barrel in volatile trading this morning following a strengthening in the US dollar.

What are the factors leading to oil’s short-term drop? John McCain says we have George W. to thank. Justice Litle says this is nonsense. The fall of crude oil is more likely due to a number of factors coming together at once, says Justice. Like a new report from the US Geological Survey showing there could be 90 billion barrels of oil in the frozen arctic.

If oil continues to slide, keep an eye on Asian stocks and ETFs. They could be a major beneficiary…

Crude oil prices fell today as the greenback strengthened on Washington’s support for ailing mortgage firms Fannie Mae (FNM) and Freddie Mac (FRE).

Light sweet curde oil futures on the Nymex fell $1.19 dollars to $143.30 dollars a barrel. The contract is down from $147.27 dollars on Friday.

What if oil drops even further? Say back down to the $100 mark. Justice Litle says smart investors should condsider Asian stocks and Asian ETFs… 

Editor’s Note: Between 1987 and 1990 Taiwan’s stock market boomed. Stocks gained 991%. The Taiwanese currency rose another 40%. Foreign investors would have made 14 times their money during this time. Tom Dyson says Taiwan is set for another huge rally. So does Jim Rogers. We’re all ears.

A couple of years ago, emerging markets nations in Latin America and Asia could do no wrong. That’s all changed. However, there may still be a great way to play emerging markets with a stellar ETF performer, says Jim Stanton in The Smart Profits Report.

Petroleo Brasileiro SA and the UK’s BG Group have made a second major oil find in Brazil’s Santos Basin.

The Guara exploration well struck oil in the BM-S-9 concession area – the same block as September’s Carioca discovery, which could contain as many as 33 billion barrels of oil.

“There are those who will tell you that oil is a cyclical business and a global fungible commodity,” says Christian DeHaemer in Taipan Daily.