ggregg8

Home Depot is Cheap, Regardless of Upcoming Guidance

The stock market isn't a clear representation of how well the economy is doing right now. The negative signs are omnipresent. As we know, China sold back $5.8 billion in T bonds recently. What does that say for the US economy during a bull market? US auto sales are down. Durable goods are slumping. Not to mention Bear Stearns' financial troubles.

Consumer confidence continues to drop in accordance to the housing slump. I believe HD will continue to drop for a while longer, surpassing the 52 week low of $32.85. Until the median housing price gets nearer to the median gross income (based on the assumption that people will spend 2-3x their gross income on housing), HD will continue to drop.

I certainly agree that once the housing market rebounds, then HD will be looking pretty if you bought it early enough, but until that day it doesn't seem likely.

NAR Housing Report: Declining Home Prices Induces Heavy Spin

I am so fed up with the continuing BS exuded from Lereah and Yun. I recently saw a new puppet, Walter Molony, wearing out the same speech.

I created a Pinnochio timeline for Lawrence Yun quotes. I have a feeling that I may have to extend his nose:
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