How is your 401k going?

[Silock]

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...

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.