Quote from Cutten:
Surely the BRIC markets are just going to follow the S&P but with about twice as much beta? If S&P rallies to 1200 the BRICs will be up 50-75%, if the S&P falls to 600 the BRICS will be down 50%.
Just trade the ES until there is some kind of decoupling in the prices of these instruments. It seems right now almost everything is just following the ES with different beta and/or inversely (bonds, gold). I can't really see much that is moving independently.
