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Why Play Retail?

By Jim Cramer

 About this article:
 Retail's just awful. It has been awful for the last three weeks ever since this crisis spun out of control. The market's oversold here, so I am reluctant to say, "Just dump it," but it shouldn't be this high. There's too much uncertainty. Four that I watch and think are 2, 3, maybe 4 or 5 points too high are Ralph Lauren , Nordstrom , Phillips-Van Heusen and Gamestop . I don't think any of these companies is doing that well. The discretionary buying is terrible. I think the expensive hardware will not be selling at GME, and that one -- even as low as it is -- can go lower. I think Best Buy -- as low as it is, and despite Circuit City's problems -- will not be able to go higher. That one seems like a good sale to me even...

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