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Retail -- Yes, Retail -- Gives Us a Telling Rally

By Jim Cramer

 About this article:
 Retail? Now there's an unsung leader. Who would have thought it? We have Bed Bath & Beyond finally reacting to the loss of Linens & Things. How about JCPenney moving? And isn't about time that Home Depot reacted to the huge number of sales -- remember it is the number of sales that matters -- and started going higher? This is a much-maligned group because of the rising price of gasoline, even if, as Kroger told us, gasoline prices are down 41% year over year. It's a welcome rally that is suggesting that the selloff is rotation-oriented and that this selloff did begin with some really awful retail numbers. But that's not the only goodie. As I said yesterday, this FedEx tell is a huge one, and it is signaling that we should ignore unemployment and accept that things are going to be better in the second...

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