I don't know how anyone can look at luxury retailers or any retailer for that matter and conclude that it is a buy. With the credit markets seized up I doubt TIF will have a very prosperous holiday season. I am recommending selling all retail stocks. As the markets head south, there will be no place for any of the securities in this class to go but down. Being up against good comps is just one factor that will weight down the sector. I suspect the weakness seen in the financial sector will begin to drag these guys down as well. Please don't get caught expecting any major rally. I am a seller of any bounces.
$28.02 (10/08/08)
