OLÉ! BULL MARKET STAMPEDES TO RECORD

Barry and Don’s wild ride set to create the longest bull market

The S&P reached an all-time high Tuesday — and Wednesday it is likely to set the record as the longest bull market since World War II.

Ice the champagne and cue the party music.

Wall Street’s long-charging bull market, barring any last-minute globe-shaking event, will become at Wednesday’s closing bell the longest-running post-World War II stock market run-up ever.

If intact at 4 p.m., the bullish S&P 500 Index, which set an all-time high on Tuesday, will have galloped for an amazing 3,453 days and logged an increase of roughly 320 percent.

“This bull market has been breathtaking,” Kristina Hooper, chief global market strategist at Invesco, said in a Tuesday note, referring to the rally that began March 9, 2009, when the S&P hit its low of 666.

And many analysts say the market still has room to grow, as ebullience over the chugging US economy overcomes worries about trade and political unrest here and abroad.

“I believe US stocks are likely to continue to outperform in the shorter term given the strength of the US economy and the perceived safety of US stocks in the midst of trade wars,” Hooper said.

“I think we can still run, but I’m cautiously optimistic,” Peter Cardillo, chief market economist at Spartan Capital Securities, told The Post, adding that he is still concerned about the trade war.

On the plus side, this rally has persisted “for the right reasons,” Cardillo said, referring to the strong economy, low inflation and “most important, corporate earnings have exploded.”

And some on Wall Street say that the benefits of tax reform have not been fully priced into this rally.

Tax reform and fiscal policy are “not just a sugar high,” Ryan Detrick, senior market strategist at LPL Financial, told The Post.

“It is very likely equities will continue to go up for the next year or two,” he added.

Of course because no one on Wall Street can agree on anything, some are not ready to crown this bull market run as the best since WWII.

Some think it will have to run until 2021 to earn the true distinction. That’s because naysayers believe the last bull market actually started in 1987 — not 1990.

A bull market starts when the market climbs 20 percent from a previous low, and it ends when the market falls 20 percent from a high.

Between July and October of 1990, the market fell 19.9 percent — flirting with bear territory but not quite closing the deal, analysts at Bespoke Investment Group said in a note last week.