Morgan Stanley China A Share Fund, Inc. (AMEX:CAF)

I wouldn't pay real money for just about any ETF (much better to find out the winners and buy the underlying stocks yourself than to let a fund manager, who doesn't care at all about you, attempt to do it for you), but China will very likely outperform the NYSE.

Reason being is that the government of the PRC is moving forward in a dirigist and protectionist direction. The Chinese are doing nuclear power, high-speed rail, irrigation, public housing, etc., with the state providing a strong directive role - in other words, REAL economic progress.

Meanwhile, the decadent and collapsing West is on the fast track to a new dark age. The only thing the US has to offer the world these days is derivatives, credit default swaps, payday loans, and junk food - otherwise known as "nothing of value." Oh yeah, and maybe some windmills (a 16th century technology at best) and solar gadgets in a decade or so.

What's really interesting - or, probably more appropriately, insane - is that the very same investors who love China as a place to make money sneer at the idea of the US implementing the economic policies (e.g., dirigism, protectionism, state-controlled banking) and general policy orientation (e.g., a commitment to industrial progress and an increasing standard of living through increasing physical production) which has made China the economic powerhouse that it is, and that will, if current American policies (e.g., "free" trade, globalization, wild speculation, etc.) are not changed, shortly bury the United States in its grave.