From the Wall Street Journal
so do serious times call for serious shoes?
That leads some to speculate whether there's a relationship between a sinking heel and the stock market. Gary Loveman, CEO of Harrah's Entertainment Inc., was reported saying earlier this year that he likes seeing women wearing stilettos in his casinos because he believes it means guests are more likely to spend more.
on the other hand
But not everyone thinks the kitten heel means bad times. Shorter shoes might be "an indication of the recession we've just been through," suggests Jeffrey Hirsch, editor of the Stock Trader's Almanac, adding that such correlations have "not so much" validity anymore.
Good market, bad market, I don't care. But enough already with the 6 inch stilettos.