Secular

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Secular

Long-term time frame (10-50 years or more).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
And so Turkey's never-ending cycle of victimization -- of Islamists, communists, secularists, Kurds perennially and now the Gulenists -- has gained velocity.
2) The SU is now seeking to meet promptly with the leadership of the Warwick Atheist, Secularist and Humanist Society to make the necessary arrangements for the event to take place in the format they have requested.
Specifically, in addition to religious and rationalist justifications, the secularists had other sources of justification and power as well.
The Turkish public initially welcomed the trial on the grounds it would bring to account the country's "Deep State" - an undefined network of secularists long believed to have been pulling the strings of power in Turkey.
The secularists are organizing an opposition coalition under the leadership of Beji Caid Essebsi, the former interim prime minister who also served in the government of former President Habib Bourguiba.
Ennahda has reassured Tunisians it will not impose a Muslim moral code on society and will respect women's equality, but the comments by Jbeli were interpreted by secularists as evidence the party has a hidden agenda.
Chapter 4 analyzes the period of Turkey's first elected government by the Democrat Party, namely the rule of the "secularist liberals," whose liberal government pursued a dynamic and assertive strategy for establishing the alliance with the West and enhancing Turkey's sphere of influence in the region.
In explaining why Turkish secularism is more assertive than French secularism, Kuru argues that multi-party democracy in France has allowed the passive secularists to have relatively more impact on the formation of French secularism.
Two retired generals are among 56 people who have gone on trial in Turkey over an alleged coup plot in a case that has deepened the rifts between secularists and the country's Islamic-leaning government.
According to Deniz Baykal, the leader of the Kemalist CHP, TurkeyYs current situation, which is marked by a political conflict between the secularist and Islamist fronts, increasingly resembles the crisis that led to the coup dYtat of May 27, 1960, which brought Democrat Party (DP) rule to a bloody end.
The gang's linkage to a shadowy organisation known as 'the Deep State'--a group of powerful individuals bent on protecting the sacrosanctity of the secularist republic by whatever means necessary--has triggered debate amongst intellectuals and the Turkish media.
The Politics of Secularism in International Relations is an analysis of the nature of secularist assumptions in the United States and Europe and of how those assumptions-have affected relations between the West and the Muslim world.