ECONOMICS - A Close Look At Long-Term Bull And Bear Markets Since 1871

Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? Without crystal ball, we simply don't know. One thing we can do is examine the past to broaden our understanding of the range of possibilities. An obvious feature of this inflation-adjusted is the pattern of long-term alternations between up-and down-trends. Market historians call these "secular" bull and bear markets from the Latin word saeculum "long pe ...

http://www.businessinsider.com/secular-bull-and-bear-markets-2013-