Going Up the Down Escalator
There’s an intriguing post over at ClearFish Research called Secular or Cyclical; starts with a statement that
According to some, we are in a Secular Bear market and a Cyclical Bull market. If you believe that, then you expect the market is about to drop. A Secular trend is a long term trend, that from it’s name, ought to mean that a particular sector of the economy is changing.
….
Cyclical trends refer to the business cycle, where a business opportunity generates new companies or products that reap good profits, those profits bring in copy-cat competitors that kill off the profits, a bunch of the companies then go under, consequently reducing supply, and then the cycle repeats.
So if that’s right
The long term trend is going down.
The medium term trend is going up.
And in the near term, it’s random.
Up and down and round about - isn’t Disneyland a cheaper option?
Written by 2cworth on February 22nd, 2006 with
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