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Source: CNN Money
By: Jesse Solomon
09.10.2014

If you read the headlines, Argentina is in default (again) and its economy is tanking. But here's the funny thing: the country's stock market is hotter than an underground tango show on a sultry Buenos Aires night.

Argentina's Merval Index (MERV) has skyrocketed almost 100% this year -- the highest of any stock market in the world. It includes many of the largest companies in the country such as Telecom Argentina and Energy Petrobras, along with banks and a steel maker.

But high rewards in emerging markets often come from high risks.

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