Restaurant stocks were ones leading the rally since Last November. It manifests the entire theme " depression is not coming, thing are less bad than you think". Smart people got burned shorting them. But what they are doing right now?They did not join the last rally that creates negative divergence. And now these charts can't be more crappy. All four former stars built huge exhaustion pattern over a few months made them top short candidates. EAT and DIN already broke pivotal support down trend likely already started. I expect PRNA and PFCB to follow the suit.
Things are less bad, really? Well unless you work for goverment. Companies and sectors always go bust, No matter we will have hyperinflation or depression.
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