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Friday, July 06, 2007 11:17:09 PM
Chart of the Day - REITs have broken below long-term uptrend:
http://www.chartoftheday.com/20070706.htm?T
Overall, the US real estate market continues to struggle and investors are concerned. For some perspective, today's chart illustrates the current trend of the Dow Jones Wilshire REIT Index. While REITs have been trending up for several years, REITs are down over 15% since reaching their peak in early February of this year. As today's chart illustrates, REITs have broken well below their long-term uptrend (solid green line) and are now trending lower (dashed lines).
http://www.chartoftheday.com/20070706.htm?T
Overall, the US real estate market continues to struggle and investors are concerned. For some perspective, today's chart illustrates the current trend of the Dow Jones Wilshire REIT Index. While REITs have been trending up for several years, REITs are down over 15% since reaching their peak in early February of this year. As today's chart illustrates, REITs have broken well below their long-term uptrend (solid green line) and are now trending lower (dashed lines).
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