Business / Taxes / Secular Market: A secular market is one that moves in the same direction — up or down — for an extended period. Benchmark indexes continue to rise to new, higher levels during a secular bull market despite some short-term corrections. Similarly, during a secular bear market, index levels decline or remain flat despite short-term rallies. In addition, the average price-to-earnings ratio increases substantially during a secular bull market before reaching a top and falls during secular bear markets before hitting a bottom. Secular markets tend to move in cycles, or predictable though not regular patterns, so that a secular bull market is followed by a secular bear market, which is followed by a secular bull market, and so on. For example, the bull market of 1982 through 1999 followed the bear market of 1966-1981. The length of secular markets varies, from as few as 4 or 5 years to more than 20 years, though when one begins and ends becomes clear only in retrospect.
Market Verb Synonyms: market-place, exchange, Stock Exchange
Market Noun Synonyms: demand, customer base, call
Market Adjective Synonyms: shop, store, bazaar, supermarket, superstore
Secular Noun Synonyms: worldly, terrestrial, mundane, temporal, material, lay, laic or laical, non-clerical, non-ecclesiastic(al), non-spiritual, non-religious, civil, state
Business / Agriculture / Marketing Assistance Loans: Nonrecourse loans made available to producers of wheat, feed grains, upland and ELS cotton, rice, soybeans, and minor oilseeds under the Agricultural Market Transition Act provisions in the FAIR Act o MORE
Business / Agriculture / Marketing Assessments: Producers and first purchasers of some supported commodities are required to pay an assessment as a contribution toward achieving budget deficit reduction targets. Under the FAIR Act of 1996, assessme MORE