|The US real estate market continues to struggle and investors remain concerned. For some perspective, today's chart illustrates the current trend of the Dow Jones Wilshire REIT Index. While REITs had been trending up for several years, REITs are down 67% since reaching their peak in early February 2007. With the Dow Jones Wilshire REIT Index trading just below 98, REITs remain within the confines of an accelerated downward sloping trend channel and currently trade near resistance.Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.
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Quote of the Day"Fear always springs from ignorance." - Ralph Waldo Emerson
Events of the DayJanuary 26, 2009 - Chinese New Year
February 01, 2009 - Super Bowl XLIII
February 02, 2009 - Groundhog Day
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