I've talked to a few on here via email or the phone, and most agree we are going to have a bumpy ride.
The World Markets are also having problems, and each are dealing with them as they see best. Germany is handling it one way, Asia another, and of course the USA yet another.
I have seen a few friends leave this market for a different career, while others have seeked a second job until the market is fixed. I won't lie, I have seen a decrease in business as we all have, BUT I am here for the ride. Like so many other blogs i have read, I agree those who stick it out will be rewarded.
Today the DOW is down 700 points, the Feds are angry and are considering making Citi and Wells Fargo share Wachovia .... A RATE CUT will happen sooner then later.The Feds need to take action before the next scheduled meeting on October 29th. If they do indeed cut the rate, I think it will be between .5 to 1.00 points.
The banks are still lending so don't believe everything you hear from the media. I am here today and will be tomorrow, next month, next year and the years to come.
Don't Give Up !!!! It won't be fixed overnight..... Inch by Inch it's a Cinch, Yard by Yard is Way to Hard.
I believe it won't be fixed till we elect a new president, and the confidence is restored.
It will be bumpy, so hold on. Let me know if I can help.