Friday, September 5th, 2008...5:21 pm
Fashion Indicator Reveals Bear Market
As Fashion Week kicks off in NYC this week, the eyes of investors will be riveted to the hemlines. Last year’s show with its outrageous and chancy looks gave a clear signal to the end of a bull market. In advance of this year’s show, a quick glimpse at Frillr’s September 2008 Magazine Covers gives us a sense that we will experience a bearish continuation pattern. While some designers are returning to conservative styles and taking small risks on accessories, the majority are keeping their hemlines high.
Even as a groundhog’s shadow prognosticates an extended winter season, a dress’s high hemline has the uncanny ability to forecast (and confirm) an economic downturn. To learn more about this indispensable market sentiment indicator, watch the video clip provided below.
Disclosure: No positions.
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