Despite age and doubters, bull market looks to keep running
NEW YORK (AP) — Wall Street is forecasting another year of gains for stocks in 2018, even as worries rise that the end may be nearing for one of the market's greatest runs in history.
The Standard & Poor's 500 index has nearly quadrupled since the dark days of early 2009, and this bull run of eight-plus years is well into senior-citizen status. Only the rally of 1990 to 2000 lasted longer. But analysts see several reasons this bull market isn't ready for retirement. Chief among them: Economies around the world are growing in sync.
The global gains, along with the lower tax rates that Congress just approved, should help companies pile their profits even higher.