[gentoo-user] system won't boot - --no-bootloader set; Skipping bootloader update ...

My system will not boot.

I installed sys-power/acpid  and wanted to double check the kernel configuration.
I run: genkernel --menuconfig all
The ACPI option was enabled so I exit the menu but it started to compile the kernel so I press CTRL-C (to stop it).

Upon rebooting the X will not start no root login, just a screen with login:
"joseph (none)" 

I bootstrap the PC and run:  genkernel --menuconfig all 
and finish compiling, and I get a message:
-------------
* Kernel compiled successfully!
* 
* --no-bootloader set; Skipping bootloader update ...
* 
* Required kernel parameter:
* 
* 	root=/dev/$ROOT
* 
* Where $ROOT is the device node for your root partition as the
* one specified in /etc/fstab
---------------

What went wrong?

Here is my fstab:
LABEL=boot		/boot		vfat		noauto,noatime	1 2
UUID=d32946b3-2236-4998-80dd-68b7d78e0c7b  	/	ext4	noatime	0 1
LABEL=swap		none		swap		sw		0 0