Following up on a prior post, take a look at the trend and most recent state of the S&P 500 index and compare it to the last major bear market conditions that followed the dot-com bust.

There is a host of very interesting technical similarities (which are noted below) that may indicate that we have entered or are just about to enter another bear market where on average the S&P 500 index retraces 20 – 30% from its prior peak.

It’s important to keep in mind that, at best, a bear market can be viewed as a transition into an period where there is a prolonged bias to sell into strength resulting in a successive series of lower highs yielding a clear downward trend.

At worst, there are periods (days or weeks) where particular stocks and the index as a whole will crash hard.

Following up on a prior post, take a look at the trend and most recent state of the S&P 500 index and compare it to the last major bear market conditions that followed the dot-com bust.

There is a host of very interesting technical similarities (which are noted below) that may indicate that we have entered or are just about to enter another bear market where on average the S&P 500 index retraces 20 – 30% from its prior peak.

It’s important to keep in mind that, at best, a bear market can be viewed as a transition into an period where there is a prolonged bias to sell into strength resulting in a successive series of lower highs yielding a clear downward trend.

At worst, there are periods (days or weeks) where particular stocks and the index as a whole will crash hard.

1. The drive is often the best thing about traveling.
2. I love a good snuggle with my husband when I'm cold.
3. I often use pasta when I am cooking.
4. I'm reading Little Women right now; I love it.

1. The last compliment I got was from my husband; he/she said I was doing great on a project I have undertaken.
2. I'm reading The Septembers of Shiraz by Dalia Sofer.
3. I woke up today and thought T.G.I.F!!!!!!!

1. My favorite song of 2007 was "The Face of Love" by Sanctus Real.
2. I'm most tempted not to do housework by reading a book.
3. Today I want to stay home and relax.
4. The last thing I took a picture of was my daughter.

Friday Fill-In #49
1. I love the nostalgia surrounding Christmas.
2. Blue is/are my favorite color(s) for the Christmas tree lights.
3. The non-existent candles in the window have non-existent bulbs.
4. A Christmas Story (You'll Shoot Your Eye Out!) is one of my most favorite Christmas movies.
5. My favorite Christmas lyric(s) is/are

It's that time of the year again when Major League Baseball hands out its annual awards. On Monday, the first two awards will be announced, and that is the AL and NL Rookie of the Year awards.
Here are my choices for the awards and the days they will be announced:

Nov. 12: AL Rookie of the Year: Dustin Pedroia
NL Rookie of the Year: Ryan Braun

Can someone, anyone out there, please tell me how it can already be the month of March?
No, seriously, though. In a matter of hours, it will be MARCH!
March?
What the hell happened to February?
Am I going senile? Did I sleep through January or something?
Even with the extra day here, the 29th, I’m sorry, but something seems mightily askew!
Why does it feel like I was just back home not so long ago, for Christmas?
Is this just a classic symptom of old age?
Is the rest of this year going to be just as fleeting?
According to Robert Frost… perhaps…. perhaps it is!

The sun was warm but the wind was chill,


The sun sank, and they both felt its final shudder of warmth.
Turning, he looked into her eyes.
“I feel as though you are the one I have waited for, all my life. And now you are here.”
“I’m not even sure if I believe in such a thing,” she whispered.

I'm late with the memes this week...sorry!

1. When my blog is broken, I know it will probably drive me nuts fixing it.

2. I saw the most amazing crowd at the mall this morning!

3. National Treasure: Book of Secrets is the new movie I’m most looking forward to seeing.

4. Work: Necessary and fulfilling at times.

Yesterday, the Office of Federal Housing Enterprise Oversight (OFHEO) published their Home Price Index (HPI) data for Q3 2007 showing continued deceleration of home price appreciation in most regions as well as a broadening of outright declines now including 23 states declining from their respective peaks and 11 states declining on a year-over-year basis.

1. The things I give thanks for this Thanksgiving are all my blessings which are too numerous to count.
2. My Thanksgiving traditions include doing our Christmas decorating.
3. The best part about Thanksgiving is the extra time for fellowship.
4. My favorite Thanksgiving food is sweet potatoes.

C.C. Sabathia beat out Josh Beckett to win the 2007 AL Cy Young Award today. They had very similar years, but I thought the vote total would be even closer than it was. Sabathia got 19 first place votes, while Beckett got 8. John Lackey finished third and Fausto Carmona finished fourth.

Here's the vote tally:

1st 2nd 3rdPoints
C.C. Sabathia Cleveland Indians 19 8 — 119
Josh Beckett Boston Red Sox 8 14 4 86
John Lackey Los Angeles Angels 1 5 16 36
Fausto Carmona Cleveland Indians — 1 4 7
Eric Bedard Baltimore Orioles — — 1 1
Roy Halladay Toronto Blue Jays — — 1 1

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for January showing continued deterioration of the already hideous falloff in demand for new residential homes both nationally and in every region resulting in an astounding median sales price drop of 15.09%.

On a year-over-year basis new home sales are continuing to weaken, dropping a truly ugly 33.9% below the sales activity seen in January 2007 and plunging a whopping 56.67% since the peak set in July 2005.

It’s important to keep in mind that these declines are coming on the back of the significant declines seen in 2006 and 2007 further indicating the significance of the housing bust.

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for October that continued to confirm the hideous falloff in demand for new residential homes both nationally and in every region as well as again reporting significant downward revisions to July, August and September’s results.

Today’s New Residential Construction Report continues to firmly indicate a new leg down in the decline to the nation’s housing markets and for new residential construction showing substantial declines on a year-over-year and month-to-month basis to single family permits both nationally and across every region.

Yesterday I was a dog.
Today I'm a dog.
Tomorrow I'll probably still be a dog.
[Sigh!]
There's so little hope for advancement.
-- Snoopy –

Have a great Wednesday!

Today’s release of the S&P/Case-Shiller home price indices for September continues to reflect significant weakness for the nation’s housing markets with 13 of the 20 metro areas tracked reporting year-over-year declines and now ALL metro areas showing declines from their respective peaks.

Chris Neil celebrates his game-winning goal, Nov.10, 2007.

In Grade 3, Neil’s principal asked him what he was going to be when he grew up. “I’m going to play in the NHL,” said Neil.

*****Sticky Post--it stays on top for a while*****

Today when I clicked nickname to type my name after leaving my live link in a post for a fellow blogger, I saw the URL field along with it. It is back! This time too they have not publicised it. So the onus lies on us bloggers to do so.

Do spread the word around, friends!

Today’s New Residential Construction Report continues to firmly indicate the intensity of the second leg down in the decline to the nation’s housing markets and for new residential construction showing substantial declines on a year-over-year and month-to-month basis to single family permits both nationally and across every region.

Today’s New Residential Construction Report continues to firmly demonstrate the intensity of the total washout conditions that now exist in the nation’s housing markets and for new residential construction showing tremendous declines on a year-over-year basis to single family permits both nationally and across every region.

Sex is something I really don't understand too hot. You never know where the hell you are. I keep making up these sex rules for myself, and then I break them right away. Last year I made a rule that I was going to quit horsing around with girls that, deep down, gave me a pain in the ass.

I am sitting at Starbucks and just randomly thinking, as I sometimes do.
I am still slogging through a couple of non-fiction books, and just took a break from that to read a bit of the Nick Adams stories by Ernest Hemingway.
Just chillin’ out after a long day at work.
In this lull of a moment, while getting another coffee, three horrendously deep philosophically challenging scenarios have sprung unbidden into my mind, and I pose them to you…

#1.
You are wandering around in a blind fog and you are starving to death. Literally, you could almost die. Then the fog lifts, to reveal the following three equi-distant buildings. To which of these would you mostly likely drag yourself?

a) McDonalds.

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for December showing accelerating deterioration of the already hideous falloff in demand for new residential homes both nationally and in every region resulting in an astounding median sales price drop of 10.42%.

Additionally, 2007 marked the single worst declines in new home sales ever recorded in the 45 years the data has been tracked.

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for November showing a further deterioration of the already hideous falloff in demand for new residential homes both nationally and in every region as well as again reporting significant downward revisions to August, September and October’s results.

1. How did you come across your favorite author(s)? Recommended by a friend? Stumbled across at a bookstore? A book given to you as a gift?

2. Was it love at first sight? Or did the love affair evolve over a long acquaintance?

I was tagged by Melody for this fun meme.

The rules of this particular meme are:

1). Pick up the nearest book (of at least 123 pages)
2). Open the book to page 123
3). Find the fifth sentence
4). Post the next three sentences
5). Tag five people

Although I am currently reading American Gods by Neil Gaiman, The Bonesetter's Daughter by Amy Tan was the nearest book. Here I go: