Bohemian, mini, pencil, A-line, wrap, midi, maxi, hi-lo...the skirts of the world.
In finance, the skirt length theory is simple. The idea goes like this: short skirts means the stock market can be expected to rise. Remember how pumped Shania is when she’s singing about men’s shirts and short skirts? She knows what’s up with the stock market. Bare knees, bull market, as they say. When skirts get longer, markets can be expected to fall. Grungier, less-sexy times ahead for the stock market and the catwalks alike.
Do investors take this seriously? If they do, they probably wouldn’t tell you. It’s more of a superstition or an idea than an economic indicator. Unless...maybe it really is. Minis in the early 80s...boho skirts in the late '80s (market crash in 1987). Remember how long hems were in the 1920s? They rose with the stock market...until The Great Depression, that is.
Since we’ve gotten all the way to micro-minis and thong-style bikini bottoms, there’s not much farther up we can go. Does the micro-mini mean the beginning of late-stage capitalism? Is it only longer hems from here on out, back on our way down from the peak of the economy?
Keep your eyes on headlines and hemlines. But don’t be creepy about it.
Related or Semi-related Video
Finance: What is the Greater Fool Theory...11 Views
Finance a la shmoop what is the greater fool theory? Oh shiny rocks, tulips,
Bitcoin.....The basic idea in the greater fool theory is
that you're a fool I'm a fool were all fools in the mosh pit [Man standing in a moshpit]
right here and we've all done and will continue to do stupid things like paying
$7,000 for a tulip one that just um you know sits there it doesn't speak it
doesn't divine the future just sits there nor does it guarantee lifetime you [Man eating a tulip]
know sexual prowess if you eat it it doesn't even reproduce in a particularly
virile manner, it's just a tulip well a short term store of wealth that one fool paid
7 grand for making the big bet that there's another fool even more motley
foolish who will pay 8 grand and in Holland a few hundred years ago there
was one clapping wooden shoe wearing blond paid 9 grand for this tulip and [Man carrying tulip]
then another even greater fool paid 10 grand and then another fool paid 11
grand and so on until this most foolish of all tulips sold for $26,000 then what
there another fool well no there wasn't then the flower stopped selling for
$26,000 and probably ended up selling for about 26,000 cents yeah there were
no more fools even greater than the ones that came before so the price plummeted [Person removes price label of tulip]
back to I don't know what was it 4 cents a tulip actually sold for for a normal
tulip back then it's about what it was intrinsically worth and well that was
all she wrote or germinated or whatever the greater
fool theory posits that there is always a greater fool out there to buy your
stuff at a higher and higher price until there isn't a greater fool out there
yeah it's sort of the game of hot potato where you benefit only by holding the [Woman and man juggling a hot potato]
potato usually a very short period of time before dumping its finger burning
love on to someone else who's foolish enough to catch it and the greatest
thing about the greater fool theory... Well we're a planet with lots and lots and
lots of fools...
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