Macy's (M) shares moved lower on Thursday, even though the company reported a 1% increase in same-store sales for November and December.
The stock should be up, according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer, pointing to expectations of declining same-store sales for Macy's.
Cramer said the market "has no memory for the bad."
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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