Monday Morning Smile LXIII – Short skirts? Get Rich.Posted: October 21, 2013
Another fabulous fall weekend. A bit rainy on Saturday, but all in all a great one. My son and I took in an Ottawa Senators game on the weekend – a bit of a father son jaunt to the nation’s capitol. A boys weekend of lying around a hotel watchin’ TV, going to a hockey game, eating pizza, takin’ in a flick at the cinema, and generally stuffing our face full of food that is clearly not good for us. It doesn’t get any better.
There are some things that everyone likes to do, whether we like to admit it or not. We all would like to make a little more of the moolah, and we alike to people watch.
Now men have watched women since Eve took the apple, and women have watched women for as long as Jimmy Choo has been designing killer high heels. What have the two got to do with eat other?
Welcome to the Hemline Index.
This was originally outlined in 1926 by a famous economist named George Taylor. He surmised that the stock market and women’s hemlines moved together. Huh?
The higher the hemline, the better the stock market. The 60’s were a great example. The mini-skirt was invented and the stock market was on fire!
So let’s take a walk down Stock Market history ……
Let’s hear it for the “Roaring Twenties” – when dresses were short, and profits were high.
Followed by the Great Depression, known as the “Dirty Thirties” where only the bread lines were longer than the hemlines.
We will skip past the war years into the “Fabulous Fifties” and the “Swinging Sixties”. I think you will agree that the invention of the mini-skirt did more for the Stock Market than all those new fangled Finance formulas put together!
Ah, we all wish we could be part of those fabulous 60’s. But charge on we must.
But on to 1975. Disco! The first Computer game – called Pong!
The energy crisis. Inflation surges, stock markets plunge, interest rates are at ridiculous levels. And how much leg can you see? Not much.
Do things get better? They always do. We’ll fast forward through the recession of the early 80’s, and on into one of the longest bull runs in stock market history starting in the 1990’s.
I had a lot of trouble with getting pictures…most of them were supermodels in bikinis (but please google at home!). The stock market must have been soaring!
But here’s one of Princess Diana showing off the royal legs….
So enough history….
It’s now 2013? Do I invest or cash out?