Home Depot (NYSE: HD) has gone on a silent tear in 2012, putting up a 50% gain for the year to date. With the housing sector still in the early stages of a rebound, many are hoping this is just the beginning of an even bigger run. While there are reasons to be both bearish and bullish on Home Depot's future, the stock looks a little too richly priced for the Fool's Austin Smith today. See more in the following video.

Austin Smith and The Motley Fool have no positions in the stocks mentioned above. Motley Fool newsletter services recommend Home Depot and Lowe's. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.