Did these retailers ever signal these bad numbers? For days -- no, make that weeks -- we had people banging out the major retailers, off of what turns out to be a terrific call by Wayne Hood at
I took a stab at them yesterday, figuring they're so low now that, even if they report crummy numbers, they would not get clocked.
Crummy numbers, whether because of an Easter shift or a weather shift, are crummy numbers. Now I am in the bunker, averaging down on a couple of private retail hells.
My point? Sometimes the market is just brilliant and knows all. The sellers we saw in retail these last few weeks were clairvoyant. Stocks talk; I did not listen. The stocks were saying wait to see the numbers, but I ignored these sirens.
Now I have to pay in the form of averaging down or taking a loss. Gotta check in with my buddy
Bought more bonds at 92-20 for those following that
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column by sending an email to