This isn't the first time the country's faced economic uncertainty, but this is a once-in-a-generation confluence of events that have not only led to a severe market downturn but a ferocious contraction of the global economy. To have an economic crisis of this magnitude occur at a time in our nation's history when a record number of people are in or within arm's reach of retirement is significant. "In fact, it's likely that we could be in a secular bear market," says Jim Coleman of Coleman Financial Advisory Group. Secular trends are major bull or bear trends that generally last for a decade or two. Cyclical trends are minor bull or bear trends within a secular trend. (PRWeb Apr 22, 2009)
Read the full story at http://www.prweb.com/releases/2009/04/prweb2326104.htm
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[Source: PRWeb: Home and Family Banking / Personal Finance]
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