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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (12739)	7/16/2002 5:30:23 PM
From: Bill Harmond	Read Replies (1) of 57684

Secular and cyclical are long-standing terms. Cyclical bull/bear in tied to a business cycle. Secular bull/bear is a trend over several business cycles and is affected by other factors like inflation/disinflation, demographic shifts, investment allocation shifts, technology changes, etc...other long term influences.

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