Saturday, March 28, 2009

If you MUST use "secular" in your investment commentary...

...please follow The Wall Street Journal's example. Define secular the first time you use it. 

Here's how Mark Gangloff did it in "TALF and Ilk Won't Cure Economic Ills" The Wall Street Journal (Mar. 5, 2009), p. C1: "Instead, credit has dried up this time because of the more secular--meaning structural or long-lasting--phenomenon of a debt bubble."

Secular is great shorthand for conversations between investment professionals. But it may confuse investors who think of secular as the opposite of religious." After all, see what comes up when you Google "define: secular."

Please answer my poll.

Related posts:
* "Quantitative easing" is a weasel word 
* "Amid Market Gloom, Fund Manager Fights Against Jargon"

Susan B. Weiner, CFA
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Copyright 2009 by Susan B. Weiner All rights reserved

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