What it is:
A secular market is a
How it works/Example:
Let's say the United States experiences a massive terror attack on its own soil, similar to September 11, 2001. In the hours and days that followed, the stocks to dive, as well as hotel stocks and any other stocks associated with travel or transportation. Because of this tailspin and the surrounding chaos of prolonged market closures, many other sectors of the market fell subject to panic selling until the market as a whole was down almost 10% across the board at one point.
Secular markets can last for years.