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:
“Washington’s birthday is as close to a secular Christmas as any Christian country dare come this side of blasphemy.”
—Alistair Cooke (b. 1908)
“The only reason to invest in the market is because you think you know something others don’t.”
—R. Foster Winans (b. 1948)