DJIA HITS 200 DAY MOVING AVERAGE

This is starting to become very very ugly. Remember,John Maynard Keyne's quote, "The market can stay irrational longer than you can stay solvent." Despite your opinion or ego don't fight the market--the market always wins.

"It's no great stretch to conclude that we're entering a cyclical deflationary credit crisis as a result of the above. If so, I would suggest investors raise cash and wait for the Fed to commence an aggressive easing policy in an attempt to raise asset price levels. My own view is that they will not lower rates until there is empirical evidence of a recession or a dramatic decrease in non-farm payroll growth and that Mr. Bernanke may want to prove that his "helicopter" moniker is a misnomer, but in the end I believe the Fed will do what it was created to do: inflate." Michael Pento