[jQuery] Does storing DOM references in object properties affect browser performance?

[jQuery] Does storing DOM references in object properties affect browser performance?


Warning perhaps this is a dumb question. I naively would have thought
that storing DOM references (in this case, in object properties
because our scripts are object-oriented) would improve performance,
eliminating needless lookups. However, now I wonder if doing so taxes
browser memory, particularly in IE, and slows down a web application
as more and more DOM object references are stored in object
properties. I'm basically unclear on the entire issue. Could anyone
shed some light on this topic?