Puttin' on the Ritz

US Commerce Department released the April retail numbers that were worse than economists had expected, and the market is in deep red.

Men's Warehouse (MW) is up 8%. I don't know any news about the company that's contributing to the surge in a terrible tape, but whatever it is, the price action is impressive (see my post here (it will open in a new window), and check out the link at the bottom of the post).

If we are in a severe recession, or worse, depression as some already call it, men gotta dress sharp like in 1930s. Or like him...

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