Biggest Bargains in ETFs

The financial markets have been on a wild ride the past few weeks as investors worry that the mess in subprime mortgages will lead to an overall credit crunch and, eventually, a recession.

For now, at least, it looks as if that fate will be avoided.

So with stocks a lot cheaper than they were just a few weeks ago, bargain-hunters are out in force. But what is really a bargain, and what was really overpriced to begin with and now is just slightly less so?

First, let's examine how much some of the major exchange-traded funds have been marked down. ...