A doctor gave a man six months to live. The man couldn’t pay his bill, so he gave him another six months.

The man with the terminal condition in Henny Youngman’s joke reminds me of the US market. The bull market keeps getting a death sentence, the signs point to imminent doom, but the bull keeps lengthening its run by another six months. Indeed, part of this life extension may have to do with the US – its citizens and its government – racking up massive debt and being unable to pay their bills!