Against the Grain: Sell Gap!: Marek Fuchs warns traders not to break out the bubbly on Old Navy alone.
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Then I fret that who the heck is going to lend the retailers money to hold down inventory for Christmas, and I see the prices of Liz Claiborne (LIZ) and Talbot's (TLB) and Ann Taylor (ANN) and Nordstrom (JWN) and J.C. Penney (JCP) and Abercrombie & Fitch (ANF) and Sears (SHLD) -- oh man, Sears -- and I think that these are all better than any of the newly private companies like Neiman Marcus, and I know bankruptcies are around the corner.

Cramer: Cheap Stocks Aren't: Jim Cramer tells investors that bonds will determine whether a so-called cheap stock is a buy. Click here to watch the video

When Warren Buffett says stocks are cheap, or Jeremy Grantham or Steve Leuthold or Jeremy Siegel, it's very heartening. You just want to go out there and buy cheap stocks like CBS (CBS) and Williams-Sonoma (WSM) and Ann Taylor (ANN) and Talbots (TLB).

Goldman said it is upgrading Ann Taylor (ANN) to neutral from sell based on valuation. Note that shares trade at 3 times 2009 EBITDA estimate, limiting major additional downside potential. Price target cut to $16 from $21.

Cramer: Retail Won't Hold Up
Despite all the buyers, retail stocks won't manage to stay up this year, says Jim Cramer.

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Shares of this women's retailer were among the most active names on the NYSE Monday.

FedEx Delivers Profit Warning
Simon Constable and Kristin Bentz analyze the news that higher fuel costs are hurting the airfreight carrier. Plus, Ann Taylor is upping its profits outlook for the year.

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If Cramer's Wrong About Recession, Explain Citi
TheStreet.com's Liz Rappaport agrees with Jim Cramer about a recession, citing Citigroup's abysmal quarter.

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