Greenspan coined the phrase" irrational exhuberance," this is irrational pessimism. The fed finally did the right thing and wall street is having a hissy fit. Just look at long term chart of HD and tell me it's not overvalued. It has gone practically parabolic. Commodity stocks are trading like it's the end of the world and stocks like HD are trading like house prices are going up 20% a year again. Wasn't that what got us in trouble in the first place. Buy em when they hate em and wall street hates commodities, like BTU.