Five ETFs To Own In December

[NOBama]

By, Simon Maierhofer
Dec 01, 2008

Wall Street's roller coaster stock market performance has left many investors nauseous. Don’t give up yet, here are five ETFs to make you feel better. The stock market has been dishing out a lot of bluffs lately. Huge up days are followed by sobering and painful down swings. This rollercoaster performance left many investors with an upset stomach. It seems like after today, ETFs are available at a discount yet again.

Within just a few trading days, the S&P 500 (AMEX: SPY) and Dow Jones (AMEX: DIA) rallied over 15% from their November 21st lows set at 7,475 and 743. Is this rally just another bluff?

Already in October (when the Dow was at 9,500), we alerted subscribers to our ETF Profit Strategy Newsletter that the Dow Jones will have to fall below 7,500 before bottoming while the S&P would have to sink below its October 2002 low of 780. Those respective lows would be followed by a counter trend rally that will last into the New Year.

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Below are four ETFs we highlighted as prime beneficiaries of this sucker rally. These ETFs bounced between 10 – 30%. Pull backs like today offer a second chance to buy at huge discounts.

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Edit: Ahhh... their only flip candidates, for me.