It was an eventful year for the markets and exchange traded funds (ETFs) as we saw the Dow break new records, closing above 14,000, only to have the sub-prime mortgage debacle take a toll on the markets.
The domestic challenges kept returns low for the major market indexes, but global markets continued to benefit from growth and expansion. While the Dow was up 6.4%, the S&P 500 gained 3.5% and the Nasdaq 9.8%, the BRIC (Brazil, Russia, India, China) country ETFs soared 60-86%. Steel also benefited from global expansion and was up over 80%.
Click here to view the December, year-end ETF Performance Report.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.