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I heard the comments that Phil was referring to and this is the correct
definition. The CEO of USG was on and said that sheetrock was in a secular
bull market because it had not seen a down turn in 20 years. He noted that
it is used in both home remodeling as well as initial construction and
because we have so many homes and buildings in this country now, there is
always something being remodeled, even during cyclical economic downturns.
Kent
-----Original Message-----
From: Steven W. Poser <swp@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx> <realtraders@xxxxxxxxxxxxxxx>
Date: Friday, June 16, 2000 1:18 PM
Subject: [RT] RE: accidently listened to cnbc
This is Ralph Acampora's terminology, or at least I know how he uses it (I
do not know if he invented it.). Since I have had the pleasure of teaching a
technical analysis seminar with him, and have heard him speak many times, I
can tell you what HE means by it:
Cyclical bull market - Relatively shorter term (several years) long.
Typically relating to a business cycle.
Secular bull market - What we have been in since 1982. Long term change in
the valuation of equities.
He termed the 1998 drop as a cyclical bear within a secular bull.
Steve Poser
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
-----Original Message-----
From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]On
Behalf Of Phil Lane
Sent: Friday, June 16, 2000 12:01 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] accidently listened to cnbc
and now i have some nagging questions:
What the hell is a "secular" bull market versus the regular kind? Same
question for a "cyclical" bull market.
in all seriousness,
Phil
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