  We present a theory of the electron smectic fixed point of the stripe phases
of doped layered Mott insulators. We show that in the presence of a spin gap
three phases generally arise: (a) a smectic superconductor, (b) an insulating
stripe crystal and (c) a smectic metal. The latter phase is a stable
two-dimensional anisotropic non-Fermi liquid. In the abscence of a spin gap
there is also a more conventional Fermi-liquid-like phase. The smectic
superconductor and smectic metal phases may have already been seen in Nd-doped
LSCO.
