Not surprisingly, consumer confidence continues to take a beating. This month, it has fallen to its lowest point in 16 years, says Burton Frierson for Reuters.
The Federal Reserve meets today and tomorrow – will Bernanke & Co. do anything to help right this dismal situation? All eyes are on them.
ETFs currently hurting in the housing crisis include:
- iShares Cohen & Steers Realty Majors Index Fund (ICF), down 0.8% year-to-date
- iShares Dow Jones U.S. Real Estate Index Fund (IYR), down 2.6% year-to-date
- Vanguard REIT Vipers (VNQ), down 0.6% year-to-date
