I believe the following chart could help explain why a stabilization of world debt/stock markets could be in the cards for the future. With all the turmoil in emerging markets like Argentina, Turkey, Russia, Indonesia, you would have expected emerging markets stock and more especially the bonds to behave very badly. Apparently looking at the bond ETF, this is not the case, as prices are stabilizing and stochastics/RSI look not bad at all either.

I believe once emerging market debt fears ease, calm can return to the markets., especially to emerging markets.