Wall Street collapse – adversity or opportunity?

29 Sep

A miserable day on Wall Street! The Dow collapsed after the bailout plan was rejected by the US House. A part of me knows that we need the bailout plan to save the economy from further deterioration and parts of me disagree with the bailout.

 

The bill will ultimately pass but not before further discussions, bickering and political posturing. This will drive the Dow to lower levels it has not seen in some time.

 

Unfortunately, the common man does get affected by this though on the face, it appears like a Wall Street bailout. We all have our 401Ks and other investments in stocks and mutual funds. With the Dow crashing the value of these investments also drop.

 

Initially it was the mortgage companies, now it is the banks and insurance companies collapsing. With each collapse thousands of honest, hard working employees lose their jobs.

 

What is the solution to this mess all of us find ourselves in? Nobody has an answer today. However, we need to be optimistic. In adversity lies opportunity. We should keep our eyes peeled and seize every opportunity that comes our way. One of those opportunities is bound to reward but will take perseverance and hard work. So folks, roll up your sleeves and start hunting!

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