Markets Pass Another Milestone, as Investors Remain Fearless<br />Indeed, the view is taking hold that Mr. Trump, in so aggressively promoting policies aimed to stoke the economy and financial markets, has unleashed animal spirits — largely absent under President Barack Obama —<br />that are now reflected in ever rising consumer confidence indicators and a willingness to embrace risk in the stock market.<br />Mr. Van Saun said stock markets could plunge as much as 15 percent if the tax cut was derailed in Congress.<br />“The market has climbed a wall of worry, but now it seems as if there is nothing to worry about.”<br />That, Mr. Yardeni said, is itself something to worry about, because investors are throwing caution to the wind.<br />By LANDON THOMAS Jr. NOV.<br />One of the longest stock-market booms in history continued its gravity-defying ascent Thursday, with investors cheering the prospect of deep corporate tax cuts<br />and the rollback of government regulations under President Trump.<br />According to Mr. Bilello, the stock analyst, a typical year will include three or four stock market corrections.<br />The latest large round number — surpassed after the Dow jumped 1.3 percent Thursday — arrived barely a month after the previous landmark.
