Tuesday Prognosis: not good

[perfectfire]

[TJ_98370]

[AwaySooner]

[casey1167]

"Lake Hills Renter - My 401k has lost ~10% so far in 2008"

Okay Mr. Lake Hills Renter, there is absolutely no excuse for you to loose 10% in this market. You are active enough on this site to know better!!!!!

And by the way, all you with 401(k)s.... mine is up for the year because I put it all in short funds... (based on the wonderful advise given here by people like "AwaySooner" and "deejayoh".....)

In my mind if the DOW closes with more than a 100 point drop, that will be huge given the rate cut.

My thinking right now (as worthless as it is) is that financials will go up for one more day max, and then drop back to were they were last week. The issue is not earnings (effected by the FED rate) but buckets of bad loans in the back room no one is valuing yet....

[perfectfire]

[casey1167]

[Lake Hills Renter]

[AwaySooner]

[casey1167]

Mr. AwaySooner, please be gentle... There might be people on this blog that bought Drugstore.com (DSCM) at $67 back in 1999 who are waiting for it to recover.... it is still under $3 a share, but will spring back any time now. (same could be said about those that bought MSFT for over $50 back in late 1999, but that might be hitting a bit closer to home).

Mr. Lake Hills Renter, I do not understand what you are saying, I base everything I do on what I read in Blogs. I thought Blogs were the most reliable new source out there, and that people on Blogs were always rational, nice, and well informed.

Oh, and someone please explain to me how to do the quote thing... I can't figure it out.[/quote]

[TJ_98370]

[casey1167]

[perfectfire]

[AwaySooner]

[MrRational]

[casey1167]