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Retail Loses Its Leadership Position

By Jim Cramer

About this article:
Retail, Main Street. All bad. That's what you have to look through if you are going to buy today. The problem, of course, is, how can you look through this kind of decline? Will people have the stomach for it without dramatic declines in stock prices first, as we are seeing with Wal-Mart? Do you say "No, I will go with Kohl's, which was good?" Or J.C. Penney, which has a decent dividend, and which wasn't horrible? Macy's, which is rationalizing its store base? Or do you skip the group entirely? Can you really buy Best Buy after it has almost doubled? Maybe it should be up 30% and you can buy it? Just the opposite. Or do you buy the stock that had been out of favor because people had been so bullish that it was left far behind until yesterday: Family Dollar? Howard Levine, the...

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