Old, Bloated, Slow and ScaryNo, we’re not talking about some of your in-laws. Rather, we are discussing the US economy and its stock markets. Let’s take them one at a time.OldThe current bull market started in March of 2009. After the worst bear market in most people’s lifetimes, the bull started its upturn and hasn’t stopped since. The older this bull market gets, the closer it moves to its eventual top, right? Well, all things must end, but just when the ending occurs is really tough to determine. See Chart 1 below:Chart 1As you can see, this is the second longest bull market in the last 60 years. But what does that mean? There is no reason why it cannot continue, and to make matters more difficult, often the last year or two of a bull market offers excellent returns. Bailing out early might insure a lower average annual return for a long-term investor. Clearly, time alone is not a meaningful determin...