Gentlemen Fools: The next time the woman in your life gets a haircut, buys a new outfit, or tries out a new shade of lipstick, you might want to pay attention.
You see, for decades, investors have looked to ladies for signs about which way the economy was headed. During the Great Depression, skirt hemlines (and their proximity to our kneecaps) supposedly indicated how reserved the country felt about our financial means.
In the early 1990s, the tea leaves shifted, and cosmetics sales became the gauge for consumer sentiment. The so-called "Lipstick Indicator" was coined by Leonard Lauder, former chairman of Estee Lauder
While we appreciate Wall Street's acknowledgement of the power of female intuition, we're not pushovers for just any pretty-face-products manufacturer. (Just see what we said about Avon