Vanguard ETF's: VWO: Put more of my money into emerging markets?

[Preem]

Emerging markets have been on a tear the past few years, but have slowed down relative to broader-based international funds. If you're playing momentum, there might still be some steam left in emerging markets, but watch it carefully, because it could head south fast (think Thai monetary meltdown).

It looks as if you're into value funds. If you believe Ken Fisher, then the current yield curve (long-term vs. short-term interest rates) would tend to favor growth over value.