Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Home Depot Inc.

|Includes: The Home Depot, Inc. (HD)

Is the bottom in for housing? Unknown. However, even if it is, there is no reason to suspect that capital expenditures in the housing sector are going to rise sharply any time soon.

Home Depot Inc. shares have rebounded along with the rest of the market since March. But there is a little bit too much optimism in the crowd expecting a big bounce in housing.

Just shorted the June $26 call on HD at $0.94.