okay guys...my famous predictions (although Prediction is too crude a word) dating back to July 2007 have come true...The sky has fallen..
However, It is only a matter of time for people to realise that only good things can happen beyond this point....Some of the positive take aways from the current scenario are
1)Only the best will survive (all the market dependent guys who jump their jobs every three months for a small hike..wouldn't)...steady people who are doers would prosper
2) Cost of business is going to go down --- more room for acquisitions and entrepreneurs
3) Housing Affordability Index is going to increase --- People for whom housing was was a distant dream like moon walk .....can buy houses at reasonable prices
4) Banks are going to be more careful in handling people's money...things like credit and repayment capacity are going to be heard more in the coming years
5) The stock market is going to become more lucrative (in fact some of the stocks are trading lower than their liquidation value).
Overall, there can only be growth after a steep fall- let it be stock market, real estate prices or life or any other thing...So guys buck up...the happy days are going to be back ..no doubt that things are going to be tough (before they get better)....but uncertainty is good...uncertainty keeps you on toes and uncertainty brings out the best in you...
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