by Michael Tarsala, CMT
The cyclical bull market is approaching "old man age".
That's the message this week from The Short Side of Long blog.
Source: The Short Side of Long
The bull market is older than the average bull market length going back to the 1920s, according to S&P data and the blog's research. We've seen a greater-than-average return, too.
That could be bad news when you also factor in the market's new-found level of complacency. The fast-falling VIX may be showing that S&P 500 gains could soon peter out and that the market is susceptible to increased volatility and more declines.