US stocks have more than doubled over the past 5 years while US bonds are down 1%

The Ratio of Real Estate stocks to the S&P 500 has moved down to the lowest level since August 2000.

Now down 92% since this post...

With 10% of companies reported, S&P 500 3rd quarter operating earnings are expected to increase 13% over the prior year, the 11th consecutive quarter of positive YoY growth.

Housing is in a bubble. There's no doubt about that