Secular Bear Market Is Not Over History

Secular bear markets refer to economic conditions where stocks, real estate, commodities and the general economy are extremely volatile with a downward bias. This is caused by underlying fundamental forces of excesses that were created for long periods of time in the previous growth cycle. Secular bear markets differ from cyclical bear markets due to the fact that they have a long-running (15 to 22 year range) and well established fundamental and cycle driven downward trajectory in markets.


They result in a change of behavior and perception among society towards investments and the financial system.


This article will examine the last two secular bear markets that have occurred in the modern/post industrialized world economy.



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About Ziad K Abdelnour

Ziad K. Abdelnour is President & CEO of Blackhawk Partners, Inc., a New York based private equity ”family office” that focuses on originating, structuring, advising and acting as equity investor in management-led buyouts, strategic minority equity investments, equity private placements, consolidations, buildups, and growth capital financing's in companies and projects based both in the US and emerging markets.