COH has rallied so much...and why people buy overpriced handbags made in China from COH. Yes, i witnessed the stores were packed but don't understand consumer behavior and haven't sold my COH holdings either..but i am baffled. Unemployment up, foreclosures up, charge off rates from credit card companies up....makes no sense.
People have paid down debt and saved money too. People are back buying for themselves again this holiday season. Retail sales are slightly up and there are still procrastinators waiting for better deals.