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Retail = No Sale

By Jim Cramer

 About this article:
 Retail sales weren't even that good. As I go over each comp number and I factor in the calendar change from last year's Easter shift -- extra day in March -- I come back with the startling thought that the only really good number was Wal-Mart. That's right, Wal-Mart. Of course, that means it was all the expectations game. The other guys had taken down expectations to the point that their horrid numbers looked good, especially Nordstrom's, but Kohl's and J.C. Penney weren't so hot either. Abercrombie's were terrible, the worst I have seen, but you could never lower them enough! This same-store sales game was a sideshow -- it was all about the consumer feeling better so it really didn't matter. Is the consumer really better? Things are getting better: stimulus, tax receipts and a popular president are making a difference. The run is...

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