Luxury: 'The Most Manic Segment of Our Economy'?

Maybe high-end retailers like Bergdorf Goodman are less economy-proof than previously thought.
Maybe those fretful upscale retailers are right to worry about their customers’ stock portfolios.  The Wall Street Journal deemed luxury retail one of the most unstable sectors of the consumer economy — actually calling it “manic” — owing to the way its rarefied consumer base makes purchasing decisions.