Undoubtedly, you've heard of the stripper index before. The idea is that as a high-end luxury service, strip clubs have highly elastic demand. Which means, when consumers suffer from, or expect to suffer from a loss of disposable income, they cut back on discretionary spending, including things like strip clubs.
Thus, the idea behind the "stripper index" is that the business of the club is a bleeding edge economic indicator. When it gets slow, it means tough times coming, when the club is crowded, it indicates an improving economy.
The problem with the stripper index is that there's little to no objective data to quantify it in a meaningful way. Many strippers don't even keep close track of their earnings, so there's definitely no good national data on strip club earnings.
Except for RICK. And not those Ricks, I mean RCI Hospitality Holdings, Inc. (RICK on NASDAQ). finance.yahoo.com.
To my knowledge RICK is the largest publicly traded strip club owner. As an approximation for the stripper index, I can think of no better metric. What do you all think?
Unfortunately, that metric is down a whopping 29% YTD! Do you find yourself planning to spend less in the club in the comings months? Why or why not?

