Five days cannot tell you much about the future direction of market-based securities or their respective asset classes. They may, however, be able to provide insight into the more pressing issues or lingering worries on the minds of investors.
For example, many folks believe that Europe's sovereign debt crisis effectively ended in 2011 when the head of the European Central Bank (ECB) declared it would do "whatever it takes" to preserve the euro. Yet the four worst borrowing-n-spending offenders in the euro-zone - Portugal, Italy, Greece and Spain - chalked up the poorest 5-day performances of any unleveraged vehicles in the entire ETF universe. Perhaps the "PIGS" problem still has a way to go before reaching a resolution.