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 ?
The general secularizing trend gradually dissolved many of the barriers to cooperation and friendship across religious lines.
She also contrasts the Jews she finds in Johnstown with their big-city contemporaries, especially secularizing and modernizing New York Jews whose experience during the period of mass migration has often been seen as coterminus with that of American Jews.
It is impossible to understand modern Turkey without some appreciation of the Father of the Turks' westernizing, secularizing mission.
Modernity's historical, social and psychological modes of thought can be said to be "atheistic," not in the theoretical sense of an explicit denial of the gods, but in the secularizing sense of non-sacramental explanations.
In particular, the reading of Theophile's trial as a significant step in the process of secularizing censorship and of defining the modern notion of authorship is an important contribution to the field of French studies.
He achieved this through a secularizing interpretation, which, paradoxically, let marriage acquire a truly religious character.