Thursday March 24, 2011
Page D6 of the March 24 WSJ heralds the sudden disappearance of the mini skirt.
From a mood stand point the timing is certainly expected. A classic theory has it that upbeat mood results in frisky fashion which conincides with bull markets. A move down in skirt lengths would then be coincident with the onset of a darker mood change, fearful, defensive, perhaps perparing for a bear market. This reflects our belief that the markets are transitioning to another bear phase. A final top should be in place by this June. Our expectation that 1300 on the S & P would be a short term top has been the case this week. We may see an overthrow of a few points, the Dow was up yesterday.
But the article clearly details the short skirts of the 1960s and 1990s, both bull markets. And it notes that skirts went long in the 1970s. That of course was a bear market. And so skirts are going longer, the defensive mood prevails. Such mood change is not pinpoint accurate, but it is noteworthy that splashy stars like Lady Gaga have been popular of late, this would be typical of an expansionary market.
If the skirt length indicator is correct, such spalshy stars will be replaced by lower key types the next few months.
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