Lowes and Home Depot

Put them on your 'short the snot out of' watch list.  Be a ninja and wait,  you'll be rewarded.  They have buy ratings on these guys and the Bobbleheads are making their rounds on the airwaves.  ``Home improvement is stable".   Right.  This got my attention and reminded me of some good info I came across a month or so ago at Calculated Risk: 

Home improvement is at 1.21% of GDP, off the high of 1.3% in Q4 2005 - but still well above the average of the last 50 years of 1.07%. Maybe lenders are boosting home improvement spending fixing up all those damaged REOs!

This would seem to suggest there is significant downside risk to home improvement spending over the next couple of years.