No matador in sight as bull market in US turns eight

NEW YORK: The run of gains on Wall Street turns 8 years old and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based on a combination of stronger company earnings, lower taxes and a corporate-friendly administration in Washington.

Strategists, however, warn that a correction of as much as 10% should be expected as the market is richly valued.