Presenting the Hemline Theory of stock market performance.
According to Reuters:
Lower hemlines are coming back in fashion for spring and that could spell bad news for the U.S. stock market.
The higher the hemlines, the better the outlook for stocks, according to a popular, but frequently disputed, theory. When hemlines drop, watch out — the Dow Jones Industrial Average is likely to fall, the theory goes.
Bolstering the hemline theory, miniskirts were in vogue and stocks rose in the 1960s.
By the early 1970s, the Arab oil embargo forced Americans to endure gas pump lines, the economy suffered and the popular style was the ankle-length maxiskirt.
I guess someday we can relate stock market performance to the phases of the moon, or to the appearance of some random comet in the sky, or to the height of women’s shoe heels, or perhaps to the number of men getting haircuts in a given month.
Won’t blame you if you want to see more miniskirts.