Dan Sullivan has decided to go 100% cash… and that’s bad news, since Sullivan is not just any adviser.

According to Mark Hurlburt, Sullivan’s newsletter, The Chartist is in first place for stock market timing over the last three decades among those newsletters the Hulbert Financial Digest has tracked over this period. And though his mutual-fund newsletter — The Chartist Mutual Fund Letter — hasn’t been published for all three of those decades, it also is one of the top performers over the years it has existed.

Looks like the bull rally of the last four months is running out of gas.  As a scalper, it means little to me, but I would really like to see the economy improve for the sake of our country.  There have been far to many layoffs and jobs continue to be outsourced to cheaper foreign labor as companies struggle to eek out profits, or minimize loses.

So the bull market has lost a formidable ally.