The New York Times reminds us about the lipstick index today. The Lipstick Index is a financial barometer that says cosmetics sales go up in bad economic times. Lipstick sales are up 40% over the past few months. The reasoning is that if you can't afford the new coat or cocktail party outfit this season, at least you can still buy a small treat such as lipstick.

They note that bright red colors are out and the most popular lipstick hues right now are pinky browns and rosy taupes.

Shown here, the MAC Lipstick - Viva Glam VI a clear, smooth, pure neutral pink.