An Interesting New Index

An Interesting New Index
Wednesday, June 24th, 2009

I ran across the following – it is Fortune’s Big Picture Index. From the original notice in Fortune Magazine, June 8, p 62, “Our new proprietary index measures seven key signs of economic health”

I find the index interesting, and worth at least a quick peek. Unfortunately, the link provided doesn’t give a lot of detail with regard to index construction, history, backtesting, etc. – and seems to only go back to 2007. Nonetheless, it is nice to see the overall index trend and then the seven subcomponent trends, as well as an overall “meter” of the recession vs. recovery spectrum.

Here is the link:

http://money.cnn.com/magazines/fortune/storysupplement/recovery_index/index.html

SPX at 900.94 as this post is written