Home Depot holds up despite awful results

HD's stock price did hold up well considering the awlful results for the fourth quarter. Wall Street is so positive these days this did not surprise me, however, I do see reality coming into focus soon. HD's stock price will drop further from here. The six month prediction will be more like 12 to 18 months before home improvement sales begin to improve. This may the first major pull-back we have seen in many years for this type of business. Wall Street has always had a hard time understanding the home improvement business. You just have to look how long it took WAll-Street to recognize Lowe's would become a major player. Even Wal-Mart was going strong before Wall Street recognized maybe the Sam Walton guy actually was more than just a country boy from Arkansas. So, be careful listening to everything the Wall Street types have to say. Listen to what the leaders of the great companies say. Listen carefully to Lowe's leaders and HD's leaders. Then take a look at the numbers, including all the numbers, not just the current profit statements. My take here again, HD's stock drops from here, based on their performance. IN A year and a half I see the stock begin to improve.