Wednesday, May 13, 2009

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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