What is Hemline Theory?
1.
The idea on Wall Street that the socially acceptable length of women's skirts will reveal the state of the stock market.
Low skirts at the ankles mean the country is swaying towards a conservative, bear market. (1930s)
High skirts above the knee mean the country is in a free spirited and aggressvie bull market. (1980s)
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An abbreviation of Used in conversation to avoid the tedious task of seven syllables when three can be used.
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