The Stock market skirt
Nancy Paterson made a blue taffeta & black velvet party dress that represents the real-time stock market situation by lowering or raising its hemline. When the stock price rises, the hemline is raised, when the stock price falls, the hemline is lowered. this concept is based on the ‘Skirt Length Theory’ which describes that skirt lengths are a predictor of the stock market direction. According to the theory, if skirts are short, it means the markets are going up. And ifÂ� skirt are long, it means the markets are heading down.
The idea behind this theory is that shorter skirtsÂ� tend to appearÂ� in times when general consumer confidence and excitement is high, meaningÂ� the marketsÂ� are bullish. In contrast, the theory says long skirtsÂ� are worn more in times ofÂ� fear and general gloom, indicating that things are bearish.
Although some investors may secretly believe in such aÂ� theory, serious analysts and investors -Â� instead of examining skirt length to make investment decisions – insist onÂ� focusingÂ� on market fundamentals and data.