In answer to your question..

October 10, 2008

The question…

“So, when is this market going to come around?”

Ugh!  How many times does anyone in this business have to answer that question?  It is the first thing out of any body’s mouth when they find out what I do for a living, it is the number one question my builder asks every time we meet.

The answer, It’s not.  We had all better get used to it and adapt accordingly.  The market is what it is, and its here to stay.  There’s nothing anyone can do.  The government is trying to make you think their on top of it and doing what they can to help.  This $700 billion dollar bailout, it is a down payment, were looking at losses in the trillions of dollars.  Just the retirement accounts alone of Americans has lost 2 TRILLION dollars in the last 15 monthes, you can read about it here ..  http://www.usatoday.com/money/perfi/retirement/2008-10-07-retirement-accounts-losses_N.htm?POE=click-refer&imw=Y.  Thats just retirement accounts, now add up lost equity in your home, unemplyment, 4$ a gallon gas, rising education costs, heath care costs going through the roof, the list goes on, $700 billion is not even a drop in the bucket.

So in aswer to the question “When is this market going to come around?”

All I can say is “Put on your boots, and pack a lunch,  and get to work figuring out what you and yours need to do in order to adapt to the NEW market. ”  Thats what I’m doing.

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