The Pacers are having a rough stretch right now.
It happens to every team. It's mostly the timing that's hurting them the most. You can have a rough stretch against bad teams and still put up Wins. Do it against an upper echelon team and you're going to get your butt handed to you.
Sure, the Pacers are 0-3 in the last 3 games, but 2 of those losses were against GSW and the Rockets -- two teams that are in the 3-5 seed race in the West and you can actually see potentially in the WCF if the chips land right. It doesn't matter if you're the Pacers, Miami, OKC or the Spurs... if you're slumping when those two teams are playing well, they'll run you out of the gym.
And the Bobcats? File that under the occasional bad game. You don't get worked up over a 40+ win season with 20+ games to go just because you lost 3 in a row.
The Rockets have the best record since Jan 1., but during that stretch they had games where they looked sloppy, lackadaisical, had losses of focus, etc. The difference is it was mostly in the parts of their schedule that was far from their toughest.
Compare this with their current schedule...
03/04 vsMiami (win)
03/05 @Magic (win)
03/07 vsIndiana (win)
If Houston was slumping, they could very easily be 1-2 instead of 3-0 during this stretch. Just a case of the team gelling and playing well at the part of the schedule that they need it the most.
As for the Pacers, they need to find their mojo soon. You really don't want to lose your groove in the home stretch to the play offs... that's the way to find your way to couch after the 1st/2nd round.
J.R. Smith: "They were pretty much scoring at will. Especially my guy. I don't know what the hell I was doing on defense."
Raymond Felton : "The play was give the ball to Melo."