What Are Howard Davidowitz's Accessories Picks?

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Nov. 29 (Bloomberg) -- Davidowitz & Associates' Howard Davidowitz discusses retailing and his investment ideas with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

You back on "street smart." we know how you feel about the lack of gdp growth.

Within the retail space, are there any standout?

We have been talking about -- what do you like?

There is lots of great retail.

In terms of sectors, there are great sectors.

If you are in the upscale the us , michael kors, tiffany.

Accessories.

The accessory is incredible growth.

If you are in the accessory business -- if you are almost in anything upscale, if you are in anything upscale, look at new york rents for stores.

It is fantastic.

The top 10% does 45% of the spending.

That is why retail sales are up.

The top 10% who does a five percent of the spending -- who does 45% of the spending.

Because of capital markets they are tremendously wealthier.

Ask are they fixing their houses?

Sure, that is why home depot, restoration hardware -- they are good bets.

Those are great.

We have a lot of good stuff going on.

These are big-ticket items.

Housing and cars.

It does not get bigger than that.

The economy is doing ok but you are saying it is being carried by the top 10% of earners.

But 80% of americans are in a recession.

The top 10% is carrying the baby . the fastest-growing group of americans are people going into poverty.

That is the fastest-growing group of americans.

The top 10% is doing phenomenal.

If you are a college graduate from a good school, you are golden.

You are in demand.

There is a lot of great stuff going on.

But for most americans, if you travel around, they are hurting and in trouble.

We are glad you're here with an honest voice.

Our diffidence-- howard on brick

This text has been automatically generated. It may not be 100% accurate.

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