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 ?
After September 11, Falwell famously declared that "the pagans, and the abortionists, and the feminists, and the gays and lesbians who are actively trying to make that an alternative lifestyle, the ACLU, People for the American Way--ail of them who have tried to secularize America" had helped cause the attacks.
Plinker thinks that the biblical Canticles (lyric rather than apocalyptic, carnal rather than holy) secularize these pagan analogues (the second stage of this tradition).
The pagans and the abortionists and the feminists and the gays and the lesbians who are actively trying to make that an alternative lifestyle, the ACLU, People for the American Way--all of them who have tried to secularize America--I point the finder in their face and say, `You helped this happen.
I really believe," Falwell said, with Robertson's concurrence, "that the pagans, and the abortionists, and the feminists, and the gays and the lesbians who are actively trying to make that an alternative lifestyle, the ACLU, People For the American Way--all of them who have tried to secularize America--I point the finger in their face and say `you helped this happen.