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Oil is still going up, but China is drilling in the outer Gulf Coast and today there is word that Brazil may have identified a new (big) oil field. Plus, people are still driving in this country. By summer they won't be. Going somewhere on a whim won't be worth it at $4/gallon. Oil will come down - not to $30 a barrel, but probably in the $85-$90 range. Then it will be time to jump back in. All of this information is in the newspaper or easily accessible online or on tv financial news. If you have a 401 and don't keep up with this stuff, you are going to end up losing a large portion of your investment return.
As I have diversified my 401, I only invest in stocks or commodities that have been recommended by at least two unassociated sources. At night, instead of sit coms or Grey's anatomy, I have on CNBC. posted 04/15/2008 at 13:48:20