If this secular bear market lasts as long as the last secular bull market, we're only a little more than halfway through it.
如果这个长熊持续时间和上一个长牛一样长的话，我们才走过了一半多一点。
It is beginning to look as if we are in the middle of another of those great phases, what commentators call a secular, as opposed to a cyclical, bear market.
现在的境况开始让人觉得我们似乎处在又一个重大的历史阶段之中，相对于周期性的熊市，评论家们把这个阶段称为长期性熊市。
It is beginning to look as if we are in the middle of another of those great phases, what commentators call a secular, as opposed to a cyclical, bear market.
现在的境况开始让人觉得我们似乎处在又一个重大的历史阶段之中，相对于周期性的熊市，评论家们把这个阶段称为长期性熊市。
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