I'm not one to call tops and bottoms of anything, but it certainly seems like the financials and the housing sector is bottoming. The precipitous drop in financials over the last couple of weeks and the virtual flat line performance of the home builders year to date, leads me to believe that we may be getting close to an end. As for a typical bear, they usually last about 18 months and I suspect we're about 9-10 months into this one. What has really caught my attention is the headlines of the day.

Us home owners are doomed it appears. Why just 12 months ago it was all about how the home prices were going to rebound in '08. 12 months or less of stagnant home prices and we'd be back in business. Now those optimistic stories are nowhere to be found. This just smells like the beginning of a bottom. Who knows if I'm right.