Cramer's Stop Trading! The Retail Rally Is Really Happening (8/26/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday August 26.

Tiffany (TIF), Family Dollar (FDO), Ralph Lauren (RL), Williams Sonoma (WSM)

Contrary to Wall Street's expectations of a sluggish back-to-school season, retail is rallying, and not just the discount stores. High-end and low-end retail are performing well, particularly Tiffany, Family Dollar, Ralph Lauren and Willams Sonoma.

"The rally is too broad for me to say it is not really happening," said Cramer, who thinks it is not just an isolated move, but is indicative of a general upward trend for the sector.

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Comments

[Tsy Fox:]

Jim Cramer is clearly not only a mental case but also a menace to a wise investors financial health. Talk to just about any retailer and they will tell you that the 'back to school' selling season has been a clear disappointment. As for Family Dollar and other extreme discounters, their good fortune is the best confirmation you could possibly find that the consumer is a very sick puppy that is not going to get well anytime soon, especially after this morning's Personal Income report, which showed actual disposable income down $4.6 Bil in July. Looking at discount leader Walmart, their latest same store sales figure is actually a negative number. The only technology being sold at Walmart are obsolete Vista operating system notebooks and desktops that pc manufacturers are desperate to clear out of their warehouses ahead of the 'Windows 7' release. Is the consumer really going to pay $1200 plus for a notebook when they have been buying closeouts in the $400-$600 range? The consumer rejection of the tech industry's hoped for price structure for Windows 7 will sink the holiday shopping season and hopefully CNBC will finally pull the plug on Jim Cramer !!!

Aug 28 10:23 AM

[Free-Market...:]

Many of those who are knocking Cramer are upset because earlier this year he was knocking the Dear Leader's economic policies. After he was vilified by the left he has become contrite and more respectful of the Dear Leader. But the damage has been done and he will never be forgiven.

T

Aug 28 10:47 AM

[Michael Del...:]

The Dear Leader has also lost some popularity points recently. Many Americans wanted to move left after eight years of government of, by and for the corporations. But many Americans do not want to move to the left, to the left, and to the left again, like Mark Martin at Daytona.

The most vehement of the JC haters are not typical investors. Most of them are traders and make more money on the short side than the long. The last thing a short perma-bear needs is a cheerleader on television every night, especially when a lot of people follow him. Perma-bears are generally grumpy people, but when they think someone is hitting them in the pocketbook, they get mean. Check out the flames on Stockpickr.

Aug 28 04:45 PM