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  • Los Angeles Times

    Stock market keeps rising, and Wall Street sees no end

    by James F. Peltz, Los Angeles Times Dec 24, 2017 4 minutes

    John Templeton, the late investing guru, once said bull markets in stocks "mature on optimism" before they eventually "die on euphoria."

    Chalk up 2017 as another year of maturity for the current bull market - on a record scale.

    Defying speculation 12 months ago that the years-long rally would be sorely tested during President Donald Trump's first year in office, the stock market has been riding a wave of continued optimism to repeatedly reach new highs.

    Analysts give Trump some credit for the gains, mainly for pushing the tax bill passed by Congress last week, and for reducing regulations. But market trackers give most

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