Glossary

An adjective used to describe a long-term time frame, usually at least 10 years.  It is important for investors to identify secular trends in markets, not just  short-term trends, if they want to succeed. Examples of secular trends include  an aging population (which will tend to have different spending and savings  habits than a younger population), the expansion of a particular technology  (such as the Internet) and heavy reliance on certain commodities (like oil).
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