Without a hint of irony, the Associated Press reported that "Trailing by seven runs with seven outs left in their season, the Red Sox pulled off the biggest postseason rally since 1929. Boston staved off elimination in the AL championship series with an 8-7 victory over the Tampa Bay Rays on Thursday night when J.D. Drew singled home the winning run with two outs in the ninth."

That's right: in the midst of a market meltdown, the Red Sox pulled off the greatest comeback in playoff history since 1929, and they did it on October 16th, just 13 days before the anniversary of Black Tuesday. Coincidence? Who knows?

But given that there are a lot of people making predictions about the future of the market -- and none of them really know what they're talking about -- I'm proposing a new method. If the Red Sox come back to win the next two games and shock the Tampa Bay Rays out of their first ALCS title, then the comeback is real -- and the markets have bottomed.

But if the Red Sox break their fans hearts by losing after such a glorious comeback, then we'll have to chalk the market's modest gains of the past week up to a bear rally -- sucking in optimists only to destroy still more wealth.

The Boston Globe reports that after handing out 24,000 rebate checks following the Boston Red Sox win in the 2007 World Series, Berkshire Hathaway (NYSE: BRK.A)'s Jordan's Furniture unit is taking a bet on a 2008 repeat.

In a furniture industry suffering from flat sales due to a weak housing market and rising gasoline prices, this promotion is seen as a critical tactic for keeping sales from tumbling. In 2007, Jordan's deal was that anyone who bought furniture at its stores -- which feature Imax theaters -- between March 7 and April 16 would get a rebate check if the Red Sox won the 2007 World Series.

This year, Jordan's is repeating the deal with a twist that lowers the odds of a payout. The "Monster Sweep 2008" will offer customers who make a purchase between today and April 27 rebates on their purchases of sofas, sectionals, dining room tables, beds, mattresses and rugs only if the Red Sox win the 2008 World Series in four consecutive games.

Warren Buffett bought a prominent Massachusetts furniture company -- Jordan's Furniture -- in 1999 for between $200 million and $300 million. At the beginning of the season, Jordan's announced it would reimburse the furniture purchases of anyone who bought sofas, dining tables, beds, and mattresses there between March 7 and April 16 if the Red Sox won the World Series this year.

According to the Boston Globe, Jordan's took almost 30,000 orders during the contest. One customer stands to get back $40,000. Jordan's covered this bet through an insurance policy. It would not disclose which company issued the policy, but it would not shock me if it was issued by Berkshire Hathaway (NYSE: BRK.A).

As a lifelong Boston Red Sox fan, I am absolutely thrilled that they are in the World Series for the second time in a few years. And last night's blowout victory against Colorado was a great way to start. Unfortunately, my years of being disappointed by the Red Sox are making me wary about whether they can keep pulling off wins.

While the Boston Red Sox are leading the American League East by 8 games, the commodities fund managed by one of its owners is a big loser. In Hedge Funds -- Managed Futures: Changing Course: Becalmed No More [subscription required] Barron's notes that Red Sox principal owner John Henry's commodity fund is suffering a three year, 40% decline in value.

More specifically, On March 31, the John W. Henry & Co. Financial and Metals Portfolio was down almost 20% for 2007 and in the midst of a three-year, 40% slump that was the longest and one of the deepest in its 22-year history. The decline and resulting investor redemptions, cost the firm -- controlled by John W. Henry -- more than 80% of its assets, which now stand at $500 million.

But there is a bit of light at the end of this tunnel. In 2007's second quarter, the portfolio surged 25%. Ironically, Merrill Lynch & Co. (NYSE: MER) ended a long-term relationship with Henry in April and pulled its mostly retail investors' assets out of his fund -- almost exactly at the portfolio's lowest point.

So I'll keep rooting for the Red Sox to repeat their 2004 World Series win. As for Henry, I would not bet my money on his trading skills -- such managed futures funds have high costs, high risk, and heavy reliance on black-box trading systems. I like to sleep at night and don't know how Henry can pull that off.

Peter Cohan is president of Peter S. Cohan & Associates He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in the securities mentioned in this post.

John Henry acquired the Boston Red Sox in 2002, and led the team to its first first World Series victory since 1918 in 2004. This year, the team is off to a 26-11 start, good enough to give it the best record in baseball. However the hedge fund empire that gave Henry the money to buy the team has not fared so well. In fact it's performed more like the Kansas City Royals, who have the worst record in baseball. Since December of 2004 (2 months after the Red Sox won the Series), his fund has lost a mind-boggling 36% of its value, and assets under management have been cut in half to about $1.4 billion as investors flee in search of better returns.

The recent free-fall has given the investment legend a pretty poor long-term track record, and got me thinking: Is Henry just no longer that interested in trading commodities and such? He's already earned hundreds of millions, and one could hardly blame him for pursuing pennants instead of pork bellies.

This reminds me of a study I read about a few months ago, which suggests that companies whose CEO's have recently purchased large houses are likely to underperform the market. As I wrote then, "Building an expensive home may be a sign that a once-driven executive is getting bored with work. And besides, who has time to manage things like cash flow and strategic vision when there's wallpaper to pick out, home theater packages to choose from, and a wine cellar to design? Being a CEO takes a lot of time and energy, and so does building a palace. Something's gotta give."

My suggestion to investors: Avoid investments where the CEO or fund manager has interests other than making lots of money with your investment. This might sound cold-hearted, but it takes a super-human to build a great art collection and manage a company. As a loyal Red Sox fan, I'm thrilled that his fund has tanked as the Red Sox have soared, and I'm just glad I didn't have money in Mr. Henry's fund.

You can't ever say that Boston Red Sox fans aren't enthusiastic. A gas grill, reportedly listed by Manny Ramirez, has been removed from online auction site eBay Inc. (NASDAQ:EBAY) after bids spiked to nearly $100 million. Originally purchased for about $4,000 and used once, according to the Red Sox slugger's testimony, the minimum bid of $3,000 was registered shortly after 1:00 p.m. Tuesday. By midnight, the offers were out of control.

While the site offered no explanation for the listing's removal, other parts of the eBay web site warn that items may be taken down if thought to violate eBay policies. The listing had featured seven pictures of the Jenn-Air grill, two with Ramirez in the shot.

When asked by the Associated Press why he was helping sell the grill (later discovered to belong to a neighbor), the ballplayer with the $160 million contract joked "I need the money." He also promised an autographed baseball for the winning bidder.

Beth Gaston Moon is an analyst at Schaeffer's Investment Research.