Last Chance To Exit Stocks
Here is a short excerpt from Rick Ackerman's daily commentary. Rick is one of the few technical advisors that I follow. This is a big statement by him, and anyone who owns stocks or stock mutual funds would do well to heed his advice.

Lest any of our own readers be shrouded by the fog of the Mainstream Media’s coverage of the financial markets and global economy, we’ll state for the record that the technical evidence is overwhelming that the Mother of All Bear Rallies begun in March of 2009 is over. source

Why, one might ask is the best measure of our economy, the stock market, doomed? It think the following insight from The Casey Daily Dispatch regarding the budget "compromise" helps answer this question.

With a last-minute debt deal reached, I'm reminded of two holy words in Washington: "compromise" and "bipartisanship." It's amazing that the political elite have so twisted the English language as to lend virtue to these terms. In Washington, these words hold intrinsic value... similar to how "truth" and "honesty" do outside D.C. Unfortunately for the American public, Washington compromises have been and will continue to be the death knell of the U.S. economy - and particularly the free market.

Rarely does compromise ever benefit the small-government side of the argument. Instead, compromise increases the size of the state step by step. For example, suppose the left wants $2 billion for organic school lunches. Of course, the free-market guys are against this bill; they want $0 dollars in extra spending. So, what's the compromise? The two meet at $1 billion.

But this only makes one side better off. In a true compromise, each side would get something. In this case, spending grows by $1 billion, and the small-government side gets nothing from the deal. Future spending was simply reduced from $2 billion to $1 billion. The small-government advocates are further away from their goal than they were prior to the deal. In a way, this really isn't a compromise at all.

One could think of similar examples to prove the point. Suppose someone wanted to put ten drops of arsenic in your food. Does negotiating the person down to five drops improve the situation? No, it doesn't. That's exactly how America has been poisoned over time. Sometimes the dosages are smaller, but it's the same lethal stuff for our long-term fiscal situation.