Does A Rising Trend Suggest Real Estate Is Prospering?

No.

A rising nominal trend does not necessary suggest prosperity during periods of aggressive currency devaluation. Dow Jones Equity REIT to Gold ratio, the true message of the market, suggests replacing prospering with struggling. Smart money never shorts an asset denominated in devaluing currency without a hedge. In other words, short the weak asset and buy the strong. There’s no better hedge for currency devaluation than gold.

DJ Equity REIT to Gold Ratio:

This is what "Smart Money" is doing, who would have thought anything Real estate could be prospering? another question for how long ?

another question is "how smart am I", I would have shorted this a long time ago and lost the jewels, another question "how smart is smart money?

Bob

Real Estate iShares (IYR)

Chart: stockcharts.com