The Clairvoyant Sellers in Retail

The stocks have sold off and -- presto! -- today the numbers tell you why.
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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

Prudential

to scoot.

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.

Wrong!

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

Hobson

.

Random musings:

Bought more bonds at 92-20 for those following that

saga.

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

letters@thestreet.com.