今年五月份至六月份，新兴股票市场下跌了25%，这为人们敲响了警钟。

The 25% drop in emerging stockmarkets during May and June of this year was a warning.

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过去六个月里，所有新兴股票市场的风险比发达国家股市的风险大得多。

For the last six months, the world's emerging stock markets have been riskier than their developed market peers.

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他建议在过去12个月重点关注新兴股票市场的投资者不要忽略了传统市场、特别是美国市场的机会。

He advises that investors who have focused on emerging equity markets over the past 12 months shouldn't ignore opportunities in traditional markets, particularly the U.S..

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