Summer maybe here but in the wonderful world of fashion, Fall  is on everyone's mind. While you were melting at your computers last week, it was all about Fall ad Holiday at Talbots, a favorite brand of the First Lady. I was able to get  a sneak peek of the collection that will be arriving in just a few months.   Think lace, sequin and jewel tones, this is not your mother's Talbots, it's more for your  sophisticated fairy fashion godmother.  Like J.Crew, Talbots is defining itself as a mass retailer with strong fashion roots on par with many  high end American designers.  After all these years, Talbots still  has the amazing capability of making their customer look dynamic, powerful and chic without spending a fortune.