Interesting Indicator Highlighted (It’s Bearish)

By on January 16, 2010

EconomPicdata blog has revealed that the “Pub Power” indicator is currently signaling trouble ahead for the stock market. Pub Power explained:

It is the relative strength of ‘food establishment and drinking places’ sales vs. grocery sales (as expressed in year over year terms). The relevance? Well, the data seems to suggest that “Pub Power” = Strength in the Dow, one year forward.

Graphically (click on for larger image):

Source: EconPicdata

One Comment

  1. Anonymous

    February 7, 2010 at 8:48 am

    Keep posting stuff like this i really like it

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