With the fiscal cliff looming, less than a month away, you'd think retail stocks would be performing miserably. But the price action is anything but miserable.
Conventional wisdom would suggest if we go over the cliff, Americans will find themselves strapped for cash.
"Think about it: tax rates go up, the payroll tax holiday goes away, unemployment benefits expire for millions of people, and that's not even accounting for all the lay-offs that will likely happen as the government cuts spending and businesses get more cautious," Cramer said.
You'd think it would be a sure fire recipe for disaster in retail stocks.
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