Secular

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Secular

Long-term time frame (10-50 years or more).

Secular Market

A market as defined by its overarching, long-term trends. Generally, a secular market refers to trends over a period of five or more years. A secular market may be bullish or bearish, and, in market analysis, takes precedence over opposite, short-term trends that happen within the secular market. For example, the Great Depression in the United States lasted from 1929 until World War II (certainly a bearish secular market). Even though some years saw significant GDP growth (including 14.2% growth in 1936), this did not prevent the secular market from being bearish. Thus, a secular market describes general trends in the market without regard for anomalous trends in the interim. See also: Cyclical market.
References in periodicals archive ?
But when the secularizing momentum of the modern removes the sacred canopy and imperils the mediations, religion in a self-defensive act can transform the mediations into its very contents.
Ironically, it seems that the Jewish state, which would not have been possible were it not for the secularizing of Jewish life, may possibly return to some form of pre-Enlightenment Judaism.
In Young's view, the two dominant critical approaches to seventeenth-century devotional poets in recent years have failed to separate their achievements adequately from the secularizing tendencies that Young sees beginning in their age and developing into the full-blown modernity of the present.
Sommerville's book is a useful summary, in its chronological chapters, of the secularizing efforts of the Tudor and early Stuart governments.
All three of the books under review here make worthwhile connections across this division of questions and sources, resisting the intellectual apartheid that has produced a translatio northward of Burkhardt's secularizing Renaissance.