Quote:
Originally Posted by DaneMcCloud
Yeah, I'm watching now.
My Fund Manager is bumming HARD. Not for his clients like me or his multi-millionaire clients but for those that are actually living off of their 401k's. Those folks are in BAD shape.
I was out to dinner with several "well-connected" peeps (many of whom I gave info out in the DC that came true - WaMu, Wachovia, Lehman going down) that said the market WILL go down to 8,000.00.
It's gonna be a rough ride...
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Yeah, luckily, I'm not going to be in need of a 401k for a very long time, if armageddon doesn't come before I'm of retirement age
I am certainly thankful that I have that luxury where many do not.
I don't doubt the 8,000 at all. I've been trying to tell my father that it's going down to 8,000 at least. I'm not convinced it will go much lower.