Ballooning losses were easily explained away by the investment bankers as the new "EBE (earnings before expenses) Model" of valuation, which buy-side analysts on the road show swallowed like ice cream.

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While analysts are predicting a rebound in domestic same-store sales, with buy side analysts forecasting at least a 1% increase at this point, this is mostly due to heavy promotions, which should continue to limit growth to the bottom line.

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Going a step further, why has nobody on the Street begun to pat themselves on the back for making a monster call (18 of 29 sell-side analysts rate Home Depot at a buy or overweight)?

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