Wednesday, June 24, 2009

More Luxury Retail Failures, Buffett On Green Shoots

eLuxury is finished - another example of the retail collapse starting to reach ever higher into the "aspirational" segment.

In other news, Warren Buffett who is currently munching on filet mignon at Smith & Wollensky in NY, was joking that he had cataract surgery a month ago to help him see the green shoots better (2:50 in the interview below). Oddly the market seems to have 20/20 vision and seeing so much better than the Oracle, bidding up every counterdip.

hat tip Ed and Norwood
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