A warning to investors: Avoid CNBC's Larry Kudlow's call that market is nearing its low and ready to rebound; he's a shameless Pollyanna

A year ago, CNBC's Larry Kudlow tried to convince investors that the stock market decline would not last.

He had charts and numbers to try and tell everyone that the economy was not as bad as people believed.

We all know what happened afterward. And then Barack Obama took office and made things worse.

Yet CNBC still allows Kudlow to pass on his Pollyanna view of the markets to wrongly convince investors to get back in or stay in. Tonight, he is at it again.

The man is a fool who should be avoided. Here is what I wrote a colleague about keeping her money in the market despite my warnings three previous times to get out. The colleague wanted to know what to do now.

The Dow finished down today almost 80 points to close near 6500.

We are in a time of hard truths. People who have lost money in the stock market because they have remained in it expecting a return to a Dow 10,000 or more are not going to make that money back in any significant form.

The 25 percent loss so far this year in the Dow just aggravated the situation.

People need to protect what they have left, not think about making back what they lost. The Dow is headed to 4000. The economy is going into a depression. When it starts back up, the Dow will gain slowly like it did in the 1960s before the Dow ever reached 1000. Gains of 10 points daily will be considered good days.

I don't like to be right about bad financial things and watch people suffer. But they suffer because of their greed, in believing they can regain what they've lost from their bad decisions.

God has provided me the talent to see these things and to understand that in things being bad, there can be important lessons thought. He did the same with the Israelites. He did the same with my leukemia.

Too many Americans are trying to avoid this truth.

We are in a time when bad decisions are going to be punished from GM to all the people who got home loans they really didn't deserve to folks who stayed in the market when there was plenty of warning to get out.

Sorry, but the future now is anyone's guess. I believe losses are now permanent for people who stayed in too long, and we are headed toward a depression when we will see things once thought unthinkable.