Secular Market Trend
A secular market trend is a long-term trend that lasts 5 to 25 years and consists of a series of primary trends. A secular bear market consists of smaller bull markets and larger bear markets; a secular bull market consists of larger bull markets and smaller bear markets.
In a secular bull market the prevailing trend is "bullish" or upward-moving. The United States stock market was described as being in a secular bull market from about 1983 to 2000 (or 2007), with brief upsets including the crash of 1987 and the dot-com bust of 2000–2002.
In a secular bear market, the prevailing trend is "bearish" or downward-moving. An example of a secular bear market was seen in gold during the period between January 1980 to June 1999, culminating with the Brown Bottom. During this period the nominal gold price fell from a high of $850/oz ($30/g) to a low of $253/oz ($9/g), and became part of the Great Commodities Depression.
Read more about this topic: Market Trends
Famous quotes containing the words secular and/or market:
“but as an Eagle
His cloudless thunderbolted on thir heads.
So vertue givn for lost,
Deprest, and overthrown, as seemd,
Like that self-begottn bird
In the Arabian woods embost,
That no second knows nor third,
And lay ere while a Holocaust,
From out her ashie womb now teemd
Revives, reflourishes, then vigorous most
When most unactive deemd,
And though her body die, her fame survives,
A secular bird ages of lives.”
—John Milton (16081674)
“Ae market night,
Tam had got planted unco right,
Fast by an ingle, bleezing finely,
Wi reaming swats that drank divinely;”
—Robert Burns (17591796)