REITs Getting Hit (GGP, IYR, SPG)

Real estate investment trusts are taking a beating today, as most of them have turned negative and are diving down sharply. At last check, shares of General Growth Properties GGP, Simon Property Group SPG, and the iShares Dow Jones US Real Estate ETF IYR all started plunging just a few minutes ago, as President Obama started talking about the extension of the Bush tax cuts.