Former admin Craig Fugate of FEMA used an unusual metric known as the 'Waffle House Index' as an informal way to determine the effect of a storm and the likely scale of assistance required for disaster recovery.
Which unusual WHI do you look at, if any, to help time your buy/sell?
The one closest to me is closed.
I was so busy over the last week, I never saw what the Waffle House Index for Texas during the storm. Does anyone know? https://en.m.wikipedia.org/wiki/Waffle_House_Index
Then the bulls rally.
Waffle House just closed 365 of their stores (3/24) and the Waffle House Index is used by FEMA to judge disasters. It takes the biggest shitstorms to close their doors.
As soon as they open back their doors, boomers will be buying the dip if they haven’t wasted away by then. It will be the first place to open back up in areas and everyone will still be so depressed from getting smothered by 🌈🐻s for weeks so the market won’t hit green until a few days after.
Then, Boom we’ll see an oil rally when everyone starts to commute again and they can go anywhere that’s not Waffle House.
Follow the Waffle. The Waffle is the way. Loading up on USO calls the day 99% of their stores open back up.
Spy 200p 4/8, USO 11c 7/17 SIRI 4p 4/3, SHO 2.5p 4/17
Also I tried to learn to use think or swim and couldn’t figure that shit out so I’m going back to RH and trading exclusively on the toilet. Why do all the work when Waffle House can do it for you?
Gather round you merry band of morons. Waffle House has closed 365 of their stores. That diarrhea inducing dive is like the Leg Lamp of the nation. When it’s turned off, you know Ralphie’s getting way more than soap shoved down his throat. 🐻 🦾👔🦾 🌈💦 👖 🐮 👌🏼🤛🏿🧸
So I'm thinking if using Waffle House open / closed ratio to be a canary for when things are going to get better and DCA my way back into the market.
Yesterday 18% of WH were closed, today it was 21%. Once this starts going back down I think we have hit the WH index bottom.
I sort of understand how the... WHI? works, but... what would that be right about now?
This is not a joke..its an actual thing!
The WHI is an informal metric used by FEMA to determine the effect of a storm and the likely scale of assistance required for disaster recovery.
It has 3 levels (color coded)
Green: Full Menu - power/no damage
Yellow: Limited Menu - intermitent power/possible low food supplies
Red: Closed - severe damage and flooding
...When the Waffle House isnt even working - you know bad shit is going down...
Hope everyone is doing ok!
