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Now that the original bailout of the many companies that, admittedly, brought it on themselves has failed, what is next? That’s a little bit up in the air at the moment. Gas prices are falling which is good news. Wall Street came back today with over a 500 point regain after a disastrous day yesterday when the Dow fell almost 800 points. With all the advice flowing around all over the country and the way things are going at Wall Street, there may be some jobs in Manhattan available very soon. Try looking at CEO spots to start with. Those could be a tad shaky right now and they should be. Those people allowed their companies to become extremely vulnerable at a time when it was not the right thing to do. You would almost think there was some type of common knowledge about all this, a memo going around the companies.
Lenders who once were so liberal with their lending out are now locked down, nervous and stressed. Credit is not as available as it once was. Things are getting really tight here until the stress of the major crisis is over. No one really knows what is going to happen about all this. However, you need to protect yourself. Watch for deals that seem too good to be true. At this time, there will be many con artists out to get the last dime someone has. It is a very vulnerable time for so many people. Think before acting. Do not do anything financial without giving it a day or two to cool off first. These things have been good advice through good times and bad. Right now it is a bad time. Just do not do anything you will regret in a few weeks.
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