Ouch, that is a bit worrisome. However, I think all of this may just help us get back down to some nice buying opportunities. Don't forget that Zales is the largest jewelry retailer in North America and is over 95% owned by institutional investors. Now, if they start bailing I'd look out below, but surely they're not selling unless the company completely falls apart...maybe not even then because if they bought stock 3 years ago there is little point in selling it now and losing 90% of your investment. Might as well wait and see how the story unfolds.
If the economy comes back in 2010 and 2011 we should be just fine...
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