In recent weeks, I’ve urged readers to maintain positions in some of the potentially most volatile markets in the world, including emerging markets (see “Bullish on India” and “Access to Africa“) and crisis-wracked countries such as Spain (see “ECB Could Trigger Monster Rally in Spanish Stocks“).

FED ON YOUR SIDE
My rationale was simple enough. In a market being goosed by the largest coordinated central bank easing in history, it makes sense to err on the side of bullishness. Unless you see strong evidence of a market breakdown, you want to be invested, and preferably in the most speculative sectors. This is not a trend you want to fight.

THE PIPER IS NOT DEMANDING PAYMENT YET
Yes, the global economy is slowing, the United States faces a fiscal cliff, and the dithering of European politicians over the past two years has done damage to investor confidence that will likely take years to fix (if fixing it is even a possibility at this point). All of these are major headwinds to a sustained bull market, and there will eventually be hell to pay. But that day is not today.

TODAY’S TRADE IDEA
Today, I recommend that investors snap up shares of the EGShares Beyond BRICs ETF (NYSE: BBRC).

A LITTLE BACKGROUND
This new ETF by EG Shares invests in promising emerging markets excluding the BRIC countries of India–which I recommended separately–and Brazil, China, and Russia, which have all lagged this year. Instead, it holds 50 stocks from a variety of other promising emerging markets that have attracted less hype, such as Chile, Colombia, Czech Republic, Egypt, Hungary, Indonesia, Malaysia, Morocco, Mexico, Peru, Philippines, Poland, South Africa, Thailand and Turkey.
If world markets continue to rally throughout the quarter, BBRC should be a top performer.

NOT FOR NEWBIES
A word of warning: BBRC is a new ETF and is thinly traded. DO NOT place market orders on this security; use a limit order, and keep your positions to a relatively modest size.

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Looking for more trading ideas? Read out daily Markets section here.

[Editors’ note: Are you willing to reach for risk? Or, is it best to play it safe with all the risks on the horizon? Let us know!]