I wish to offer arguments in support of mike the wiz. He does have a very good point here. Let's look at it in a simple manner.
Say any species suddenly is faced with a challenge to survival that will require some new trait to keep it alive. Suppose we have some bears on an island. The climate gets colder. Natural selection kicks in, and soon we have only the bears with genetic information for long hair surviving to pass on their chromosomes. So the gene pool has narrowed down to long hair only. But then temperatures reverse to very hot. However, since natural selection has thinned the gene pool down to longhaired bears, there are no shorthaired bears to breed with to regain genetic information for short hair.
Obviously, these bears are going to need some macroevolution by random mutation to gain short hair again in order to remain cool. But before the long time periods required by evolution pass, the bears have all perished in the heat. Natural selection should have tipped the scales back to shorthaired bears again, only there weren't any after they all died out in the preceding ice age.
This illustration shows how species diversify, losing genetic information through natural selection, and may become extinct because they don't have time to develop a survival trait. Life on earth is clearly therefore deteriorating.