where can you invest right now? well for one you should have moved your 401k funds to a moneymarket. you will not get much of a return but at least you do not lose any money. people say "but i don't want to miss the bounce" - bs - there will be many many months window to get in at the bottom. this downturn in the economy is not a quick dip and has very deep roots. the window of opportunity could be through end of 1Q09 if not longer.