I was in the Mall on Friday. Bought some new Nautica shoes. Very comfortable. The guy in the Bostonian Store said he had sold three pairs that day alone. He said they just got them in.
I Dillards you can guess what was most prominently displayed...TOMMY. The Nautica stuff had about a fifth of the floor space. But the staff manning the TOMMY cash registers were standing around. The line at the Nautica register was 5 deep. The racks were practically empty as well. Now they did have NAUT stuff marked down 25% but even the stuff not on sale was selling. I did not check but they may have had TOMMY off 25% as well. I think Nautica apparel is starting to catch on. There are a couple of apparel stores in the Mall that literally sell nothing but Tommy. If I had any guts I would have told them to start stocking Nautica. While they had customers it was not exactly packed.
Do you still think you're too early? After this week I'd say you're right on time. I work in the investment industry and I have already heard from clients and others how they are going to "lighten up" towards the end of the year. Best case scenario is that people become prudent and do not add to their positions in November and December. If this happens the market moves sideways or downwards slightly. Worse case scenario is everyone tries to beat everyone else out the door and the market drops substantially. I believe that there will be some outstanding buying opportunities in December and I am waiting til then. Currently I have written covered calls on stocks that I like for the long run, Nautica included and invested about 2/3 of my portfolio in Barrick gold. I'm not a gold bug but it is a great company even with gold at an all-time low that should outperform the market the rest of the year. I say go for it and build some cash reserves because the odds of a substantial run up in the second half of the year are slim. Good luck.