Isn`t it funny? What the length of a skirt has got to do with , the movement of a stock market index? Yes there is a correlation , says Ralph Rotnem, a Harvard graduate and the propounder of Hemline theory/indicator.
Hemline theory is a sort of study of social mood and behaviour and an effort to link that to stock market movement. According to Ralph, when people become affluent and mood is upbeat in the society length of skirt decreases, this he connects with stock market performance and has found that even stock markets perform well at that time. He links both of these to Liquidity phenomenon.
Seems to be an interesting theory and observation. Just like stock/index, skirt length also has a support and Ressistance level and reaching of upper or lower limit implies concurrance of an extreme positive or negative mood.
But can we use it in India where we don`t have an uniformity in dressing across our vast geography?
Heel length Indicator:Suppose if i want to create another indicator called Heel length Indicator and test whether there is any correlation between this and stock market returns, then what i will do? Simple i will collect the numbers of the average length of heels of foot-wears sold by top Foot wear companies and quantity in different quarters and juxtapose it with stock market returns of respective quarters. Then i will find the correlation i.e, Beta and write my observations, that’s it.
Believe me, am not a Harvard Graduate!!!!
Stock Markets and Length of Skirt.
April 6, 2007 at 6:40 am (Business and Economy)
Great son of a Great father - K.P.Purna chandra Tejaswi.
April 6, 2007 at 6:13 am (Books/Literature)
Writer, Photographer, Bird watcher, Agriculturist, Publisher and what else you can expect from a person, to call him Versatile, Dyanamic, Genius? All this and many more was KP Purna chandra Tejaswi son of `Rastra Kavi`Kuvempu.
A post graduate in Kannada literature, but opted to be an Agriculturist and preferred to lead a life in seclusion, and thus settled in his Moodigere coffee estate.(Chikmagalore dist.) Reflection of his surroundings and his day to day interaction with nature can be found in his literature.
Though he was living in a corner of the world, in his sprawling 25 acre estate `Niruttara` ,far away from the buzz of modern world, he was never closed to Modern ideas, Development, and Technology. His Millennium series is a testimony to this fact. A man of simplicity and a Socialist to the core.
Another interesting facet of his personality was that, he was a good cook also. This was revealed by his wife just a day before his sad demise, in an interview to Mysuru Akashavani (Programme : Navilugari).
Some interesting titles/observations made by media in honour of this great person.
Vijaya Karnataka: `Purna chandira raja haakida`
Thatskannada.com: K P Purna chandra Tejaswi a master piece of Kuvempu.
