FASHIONABLE THEORY; DO AUTUMN'S HEMLINES SIGNAL END OF THE BULL RUN?Byline: Vernon Silver Bloomberg News Fashion's autumn collections point to an autumn correction in stocks. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the ``hemline hem·line n. 1. The bottom edge of a skirt, dress, or coat. 2. The height of the edge of such a garment, measured from the floor. indicator,'' one of the sexier market indicators, when hemlines go up, stocks go up, and when skirts get closer to the ground, stocks go down. Judging by all the ankle-length looks on the runways, stocks should tumble sometime around October when these demure de·mure adj. de·mur·er, de·mur·est 1. Modest and reserved in manner or behavior. 2. Affectedly shy, modest, or reserved. See Synonyms at shy1. fashions hit the street. ``I wouldn't put my whole market opinion on it, but it's been an interesting correlation,'' said Ralph Acampora, director of technical analysis at Prudential Securities Inc. Things looked bad for stocks when the recent fall fashion shows in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Europe featured long skirts and dresses from Giorgio Armani  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Ralph Lauren and Oscar de la Renta Oscar de la Renta (born July 22, 1932) is a leading fashion designer. Early years De la Renta (born Oscar Aristides Renta Fiallo) was born in the Dominican Republic to a Dominican mother and a Puerto Rican father. . The new hemline outlook matches what some on Wall Street have already predicted. From 1995 through 1997, stocks had three years of gains greater than 20 percent. A streak like that has never extended to a fourth year. Acampora, who does see a rough correlation between skirts and stocks, said there'll be plenty of reason to smile on Wall Street as women move on to racier wear. ``I think they'll be back to short-shorts,'' or hot pants, he said. Acampora is so confident that long skirts won't drag down stocks that he pledged to put one on if he's wrong. ``I'll wear a kilt kilt Knee-length, skirtlike garment worn by men as part of the traditional national garb, or Highland dress, of Scotland. It is made of permanently pleated wool and wrapped around the wearer's waist so that the pleats are in the back and the flat ends overlap in front. if the Dow is not over 10,000,'' he said. Liam Dalton, president of Axiom Capital Management, is married to fashion model Meghan Douglas, who has been on the covers of Vogue and Elle magazines. He predicts stocks will fall, yet bases this on a slowing flow of new investments to U.S. mutual funds - not fashion shows. ``I've gone to a number of them and I've never gotten any good investment ideas,'' said Dalton, who oversees $450 million. ``I've had lots to look at, but not much to contemplate regarding the stock market.'' CAPTION(S): 9 photos Photo: (1) 1890s (2) 1920s (3) 1930s (4) 1960s (5) 1970s (6) 1980s (7) 1987 (8) 1990s (9) 1998 |
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