Today Dow Jones [WE] released a new Economic Sentiment Indicator, affectionately known around here as DESI (now we need a LUCY). The indicator makes use of search strings, word pairings and other qualitative measures while pouring through major newspapers to quantify economic sentiment. The indicator is measured on a scale on 0 - 100. Today's number, for the month of April, came in at 27.6 up from 26.3 in March and off the lows of 22.2 in November of 2008. I've included a chart below that shows the indicator since 1990.
As Die Hard's John McClane would say "Welcome to the party pal" ;-) You can get more information at http://solutions.dowjones.com/esi
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