If a popular adage about style and stocks holds up, New York's Fashion Week spells trouble for investors. The spring collections on display in the Bryant Park tents this week presented more modest looks, Reuters reports, with many knee-length or lower dresses and skirts. That may mean rough going if it's true that markets and hemlines fall together.
From flapper frocks in the Roaring '20s to the miniskirt of the booming 1960s, short hemlines have been associated with boom times. So do the more modest silhouettes of Fashion Week augur disaster in the markets? Says Tracy Reese, who showed dresses 3 inches below the knee: "I'm not thinking, 'Things are tough out there. I'm taking the lengths down.'"