What is Hemline Theory?
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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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This word was created by Patrick H
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