We’re comforted by the fact that we’re in good company in our bearish stance. Stansberry and Associates’ Jeff Clark left the party when the S&P 500 crossed over 855. He says there are three brutally bearish sell signals right now:

What do the Iraq War and 90 percent of investor’s have in common? There’s simply no exit strategy in mind. So if an exit strategy is so important, why don’t most investors plan for one?