“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Housing Doom
Home Depot reported earnings this morning. Think it matters? Long term, the multiple top achieved from 2004 - 2007 might have been the last of the do-it-yourself home upgrade with extracted equity orgy. Short term a possible head and shoulders top could pull the stock down to around $16.