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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Nandu who wrote (34)	7/3/2000 10:27:55 AM
From: Dogbert	Respond to of 10065

No, no. Secular means established over a long period of time: 3 a : occurring once in an age or a century b : existing or continuing through ages or centuries c : of or relating to a long term of indefinite duration

To: Nandu who wrote (34)	7/3/2000 10:33:38 AM
From: Hank Stamper	Read Replies (2) \| Respond to of 10065

Secular bear market: (roughly) one lasting for much longer than a cyclical bear market; maybe lasts for 10 - 15 years; example is the 1994 bear that did not end until 1982 or the 1930s. These bear markets reflect very broad and deep underlying structural problems. 'Normal' business cycles operate within the secular bear but overall, the stock markets go down or sideways and bull markets fizzle out as they try to break out of the secular trend. Cyclical bear market: (roughly) lasts 6 to 36 months on average. Reflects 'normal' fluctuations in the business cycle. I vote we have a cyclical bear market. Ciao, David Todtman