HD to $ 50. It has nothing to do with housing "recovery" or seasonal valuations or anything real world economics. Ben and GS have set a target price of $ 50. + .... so it will hit this target - guaranteed. It's all fraud. It's all good.
The Dow Jones Transports, which were lagging, just rallied. CSX projected record earnings and was up 8.5% in a day despite shipping less coal (due to low natural gas price). There's not a much better indicator of the economy than that. Financials are smoking hot obviously. Manufacturing and retail are doing well. If the construction sector kicks it into gear you may be right about the Dow breaking it's high. That's the piece of the puzzle this recovery has been missing. HD is one of those stocks you don't want to bet against right now. They've done well, mainly from maintenance and home improvement. The best could be yet to come. If we get a strong start to the construction season watch out.