Cramer: Utter Incoherence in Retail

If you were at all concerned about the consumer last week, last night you should have left your office scratching your head. I have now read every single retail conference call since the start of the retail portion of earnings season. With all that information, there's really nothing -- no rhyme or reason to it -- other than to say that the consumer sure likes her home, and sure doesn't care about clothes, unless it is accessories or handbags. Even in handbags, though, they have to be of the highest quality.

How else can you explain these dichotomies? First, Coach (COH) was hideous, while Michael Kors (KORS) was great. Now, Coach has a lower price point and tries to portray itself as a China play. It turns out that you've got a double-edged sword here, though -- because the "sure-America-is-weak but-soon-China-will-be-important" trade doesn't look so good when the U.S. is real weak and the Chinese aren't paying up for Coach bags....531 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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