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Investing Glossary:
Hemline theory
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| A theory that Stock prices move in the same direction as the hemlines of women`s dresses. For example, Short skirts (1920s and 1960s) are symbolic of Bullish markets and long skirts (1930s and 1940s) are symbolic of Bearish markets.
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