Republican Victory May Keep Bull Market Alive

Prospect of entending Bush-era tax cuts gives hope to some on Wall Street

(Bloomberg) — The midterm elections that ended Democrats' control of the U.S. House of Representatives are likely to sustain the bull market that began in March 2009 at the depths of the financial crisis. U.S. stocks will continue their ascent because victorious Republicans probably will block Democrats' plans to raise taxes and impose stricter regulations on businesses, according to money managers interviewed before the vote.

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