Eddy Elfenbein submits: Foreign markets have been the place to be. Here's how several foreign iShares have performed since the beginning of 2003:

Brazil (EWZ)....................433.95%
Austria (EWO).................275.42%
Mexico (EWW).................242.81%
Sweden (EWD)................174.01%
Australia (EWA)...............165.13%
South Korea (EWY)..........162.61%
Canada (EWC)..................161.36%
Belgium (EWK).................151.58%
Spain (EWP).....................143.78%
Germany (EWG)...............139.12%
Italy (EWI).......................116.39%
Japan (EWJ).....................109.14%
France (EWQ)..................107.73%
Switzerland (EWL)............98.81%
Hong Kong (EWH)..............97.52%
U.K. (EWU).........................89.00%
Netherlands (EWN)............82.27%
Malaysia (EWM).................68.05%
Taiwan (EWT).....................67.08%

By comparison, the S&P 500 Spyders ETF (SPY) is up just 52.81%.

Eddy Elfenbein

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