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 ?
who have tried to secularize America" helped set the stage for the attacks.
13 that the terrorist attacks were "probably what we deserve" because liberal groups have tried to secularize America.
Growing religious pluralism operated to ever more fully secularize the schools, beginning with state court rulings a century ago.
And just as Skelton could foresee where the trend to secularize public schools might lead, so we can easily imagine future frontiers for the dogmatic enemies of religion to explore.