Azred-
First, I admit I'm going into an [img]graemlins/offtopic.gif[/img] excursus.
I'm no expert on this, believe me. But, I ask, why diversify when the market as a whole is tanking? Wouldn't that simply assure you that you get to rise and fall with the Dow (like my mutual funds are proving to do). Wouldn't you be better-served to watch individual stocks closely and pick them up a few at a time. Simply put, my understanding is that long-term market prospects are down, but daily fluctuation of the market and individual stocks is large enough to allow day-traders to still make a buck.
Again, I'm no expert. Don't have $$$ or time to try it this way, though I will take note of expected good stock picks in preparation for the (hopefully sooner rather than later) day I can play the game.
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