This term was coined by Leonard Lauder (chairman of Estee Lauder), who consistently found that during tough economic times, his lipstick sales went up. Believe it or not, the indicator has been quite a reliable signal of consumer attitudes over the years. For example, in the months following the September 11 terrorist attacks, lipstick sales doubled.
Read more: Leading Lipstick Indicator Definition | Investopedia http://www.investopedia.com/terms/l/lipstickindicator.asp#ixzz3rqxmNrlk
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