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Are Breast Implants the new Hemline Indicators for Social Mood?

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Published on Feb 14, 2012

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Are breast implants the new miniskirts? Last week we talked about socionomics with Robert Prechter, founder of Elliott Wave Institute. We discussed what's known as the "hemline indicator," where skirt length has been a gauge of social mood and the health of markets and the economy. In the 60s skirts got shorter, in the late 70s as the economy was in recession hemlines hit the floor. Now, Joshua Brown on RerformedBroker.com argues this indicator may be passe. He submits a better indicator of financial well being and national mood for our generation is the "boob indicator." He cites the rebound of plastic surgery along with some of the gains we've seen in the economy. As USA Today informs us: Americans got about 1.6 million cosmetic surgeries in 2011, the second year of increase after a big drop in 2009, according to an annual report from the American Society of Plastic Surgeons, and breast implants top that list. So tell us what you think -- is the "boob indicator" the new "hemline indicator," and what's your take on what it says about any so-called "recovery."

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