Socionomics holds that popular culture determines what happens in the markets. From my friends at the Socionomics Institute, here is what we mean by that. Ralph Lauren's latest design are strictly Dust Bowl Era.
Henry Fonda wore such outfits in The Grapes of Wrath about the Depression, here we go again. Fashion trends, music, and even musicals (remember my post on Witches?) all reflect the popular culture. These believes come together and are reflected in the markets.
I see that torn jeans are also fashnionable, no wonder, more than the jeans will be torn by the time this bear market is over. ….see our recent post on defaults on NYC apartments.
Professor Elam 
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