Replying to All this talk about the market...

The fact that everyone is working themselves into a panic just reciprocates and perpetuates the problem. Consumer confidence is going to dictate how long the problem lasts.

Expect rates to take another cut next week. Interest is already running lower than inflation, but that will not be long term. It's only until the mortgages even out. Not much you can do about it. And don't feel like you're fucked because you didn't sell your stocks last week. To be honest, if you didn't "get out" about three months ago, you're going to be hit by this if you have any standing investments.

It's highly likely that we will lapse into a full blown recession, assuming we're not there already. The market will rebound when consumers (i.e. you) get your confidence back. The soonest that could likely happen is around the presidential election and could help to boost retail during the holiday season.

I know some people without any perspective are calling for the apocalypse, but it's not nearly as bad as some people think it is. Don't panic and keep your cool. We'll be fine.