5 ETFs with Post-Lehman 'Street' Credibility

The stock market went from bearish fear to abject terror on Monday, September 15, 2008. That’s the day that Lehman Brothers filed for Chapter 11 bankruptcy protection- the largest filing in U.S. history.

Although the markets received an Obama hope rally in November-December, the end-of-the-world scenario played itself out through early March 2009. The 6-month period from 9/12/08-3/9/09 could not have been uglier had it been designed by a mythological god of Greece.

Yet I found 5 ETFs that have struck back. None of them are top performers of 2009. None of them have moved so far beyond respective 50-day trendlines that the trendlines themselves have become meaningless.

Still, all of them are within striking distance of their 52-week highs. And that means they’ve recovered whatever they may have lost when the 4th largest investment firm was allowed to fail.

5 ETFs With Post-Lehman Street “Cred”
				% Below 52-Week High		50-Day MA
PowerShares Dynamic Networking (PXQ)				-2.0%		4.5%
SPDR Russell Small Cap Japan (JSC)				-2.9%		7.9%
iShares MSCI Malaysia (EWM)				-3.5%		5.7%
SPDR Gold Shares (GLD)				-5.7%		1.1%
SPDR Pharmaceuticals (XPH)				-7.6%		9.6%