There's plenty of crazy things going on in this market, but the mad dash to buy retail stocks in the face of 20 percent underemployment (and no real sign of any change in hiring plans), still rising delinquencies and foreclosures, an explosion of adjustable-rate mortgage resets, historically high household debt ratios, $80 per barrel oil, and anecdotal and other evidence that consumers are embracing "the new frugality," must surely be near the top of the list, no?
Maybe they're just competing to be the greatest fools?
