The bombs continue to go off on Wall Street. Shares of E*Trade Financial (EFTC) plunged 59% yesterday after the company projected a decline in fourth-quarter profits. An analyst from Citigroup piled on saying the company could go bankrupt. For the year, EFTC is down 84%.

Last week, I talked about how investors can protect themselves from these stock bombs. One of the easiest ways to mind your portfolio is to see how your stocks rate at my Portfolio Grader Pro website. This is my free stock-rating website where I give out buy-hold-sell advice on over 5,000 stocks.

The plunge in E*Trade's stock wasn't much of a surprise to me. I had the stock rated as "F - Strong Sell" in Portfolio Grader Pro.