And that PHLX Housing Sector Index may finally start to march upward.
R-word index accurately pinpointed the start of America's recessions in 1981 and 1990.
They decided to start using the more slowly rising consumer prices index (CPI) instead.
However, this year, the index is off to an incredible start, rising 6 percent in only four weeks.
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The index has fallen only modestly since the start of this year, because the stronger dollar and lower share prices have offset lower short-term interest rates.
But the newest change is expected to go much further, coming as a result of Google's acquisition in 2010 start-up Metaweb Technologies, which had an index of 12 million entities, such as movies, books, companies and celebrities.
In fact, it is a well-funded start-up backed by some very savvy investors including Index Ventures and Greylock Partners.
The U.S. dollar index traded slightly higher Monday after a weaker start to the day.
The iShares FTSE China ( FXI) exchange traded fund is up 2.8 percent since the start of the year, beating the MSCI Emerging Markets index.
There is a risk that price rises will peak after the first quarter of next year, if the past effects of higher oil prices start to work their way out of the consumer-price index.
ECONOMIST: But already there are tensions over tighter money
The precious metals are seeing selling pressure coming from a stronger U.S. dollar index and a generally weaker raw commodity sector to start the trading week, following an unimpressive market place assessment of the just-completed European Union summit in Brussels.
FORBES: Comex Gold Sharply Lower on Stronger U.S. Dollar Index, Weaker Commodity Sector
Meanwhile another member of the European venture capital establishment, Index Ventures, is finally setting up offices nearby, in the start-up hub known as the Silicon Roundabout (photo above).
If so, local business may start to fall out of love with Mr Kirchner: the Buenos Aires stock-exchange index fell 5.9% in the two days after Ms Miceli's appointment.
ECONOMIST: Argentina: After Lavagna, an uncertain tilt towards populism | The
Investor demand has pushed the average yield for corporate bonds in the iBoxx Dollar Emerging Markets index for Europe, the Middle East and Africa down by a third since the start of 2012 to 4.23%.
Investors have already marked down stock index futures and the dollar index has rebounded by 0.3% to stand at 74.11 after a poor start to the week.
FORBES: Euro GDP And U.S. Housing Hammer Stocks, Boost Bonds And Safe Plays
The Russell 2000 small-cap index declined 15% over the last 12 months and is down 11.5% since the start of the year.
We start off our economic reports this week with the Empire State Manufacturing Survey on Monday, along with the Housing Market Index, which reflects the outlook of the homebuilders.
FORBES: The Week Ahead: Are Stocks Too Far Ahead of the Economy?
Following a buoyant start to the year, many stock indexes around the world are near multi-year highs and the Dow Jones index is not far off its all-time record.
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