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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.