I wonder if there is a relationship between the attractiveness of one type of investment vs. increase in price of another. People have to park their money somehwhere and right now real estate, mortgage backed securities and related funds have lost their shine. I know there are other factors in play but I always hear permabulls for either stocks or R/E compare themselves against each other and use as if they were in competition for the hearts, minds and dollars of the investors. When people abandon a ship, don’t they have to find another ship to climb on.
