I have started going through the thousands (literally) of emails I have received from Slopers over the years. Back on September 8, 2006, a reader sent me the following graph, speculating that the S&P would follow the NAHB downward:
Turns out this was pretty accurate! I had never really known about the NAHB Index, so I checked it out. As you can see from this table, it has lost another 50% of its value since the time the above chart was sent to me.
