I'm still bullish for the year, but I do expect things to cool down as usual during the summer months thou. I'm pulling some money out of the market now to reinvest before Fall. However, there seems to be a lot of money on the sidelines at the moment; the market could continue to go up because of that. Too many like Brad are concerned about the slowing economy. That makes me more bullish.
I do think that retail sales will contiue to come in soft for the month of April. Those that reported sales haven't looked good. But LIZ's high end sales were very good. I don't see why high end can't continue to prosper. So I continue to be bullish about luxury goods such as Coach.