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PMitc34947
07-27-2006, 10:46 PM
I caught Cramer's show tonight and he advised people to proceed with caution with a dozen Luxury stocks, one of which included Nordstrom (JWN), my largest position. How bad do people here think the economy will get before Christmas? I am ready to hold onto Nordstrom until it comes back to $42.50 which it hit on 1/30/06, but I just may be an old man before that happens.

Thoughts on this one?
madcowdisease
07-27-2006, 11:58 PM
I caught Cramer's show tonight and he advised people to proceed with caution with a dozen Luxury stocks, one of which included Nordstrom (JWN), my largest position. How bad do people here think the economy will get before Christmas? I am ready to hold onto Nordstrom until it comes back to $42.50 which it hit on 1/30/06, but I just may be an old man before that happens.

Thoughts on this one?

America will spend more this coming Christmas than they did last Christmas for the zillionth consecutive time. If your question is how JWN will fare during Xmas due to the economy, do not worry. So long as predatory credit lenders are willing to offer plastic at the rate of 24%APR Americans will always have money available. Whether they can pay it back or not is another story, but that has never stopped this country before. Cheerio ;).
PMitc34947
07-28-2006, 11:54 PM
And viola, JWN is up 80 cents or 2.42 % to $33.84 today. Now if only it could go up another 26%, I would be completely thrilled.
Mad Money Machine
07-31-2006, 05:12 PM
Hey just wanted to let you know that I've posted more about Cramer's Luxury Index at http://MadMoneyMachine.com/2006/07/31/cramers-luxury-portfolio/

and I am keeping track of it daily at http://MadMoneyMachine.com/portfolios (near the bottom).

good luck (to all of us)
PMitc34947
07-31-2006, 08:48 PM
JWN is up again today to $34.40, or a 1.35% gain. This just might be a rally for Nordstrom stock. People who are newly into retail stocks should not get spooked when their stocks go down at the beginning of the month when same store sales figures are reported. JWN continually beats last year's figures and the stock faithfully goes down. Usually these stocks pop on positive jobs growth figures.