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Barry Ritholtz: Significance Of Secular Market Should Not Be Underestimated
FYI: People who work in specialized fields seem to have their own language. Practitioners develop a shorthand to communicate among themselves. The jargon can almost sound like a foreign language. Finance is filled with colorful phrases such as “Spoos,” “Vol,” “Monte Carlo simulation,” and “Gaussian Copula.” In these columns, I try to eschew the usual Wall Street jargon. But I have used the phrase “secular cycles” (most recently here), and a reader recently called me on it. To redress that error, this week I will discuss what a secular — vs. cyclical — market is, its significance and what it might mean to your portfolios. Regards, Ted http://www.washingtonpost.com/business/get-there/significance-of-secular-market-should-not-be-underestimated/2014/11/06/c7955fac-646f-11e4-9fdc-d43b053ecb4d_story.html
