So, we all know about the financial "crisis" that we are in the midst of.
Here's the reality, for those who haven't figured it out yet.
If you have bad/no credit, you won't get any for a while. If you have good credit, then lenders will be fighting to give you financing for cars, houses, etc. So, if your credit sucks then tighten your belt and fix it. Get it paid off and cleaned up. This *should* have been done during the good market. Period, end of sentence.
The dow and stock market is way down. This is a market correction. It's no worse than 1987, and caused for much of the same reason. Overspeculation without research and greed. Everyone who threw money at the market for quik gains are responsible. Suck it up. If you can't accept the risk of losing all your money, don't invest it. Stocks are marginably better (from a risk perspective) than blackjack, but only if you do your research. Don't, by all means, sell your stock unless you know the company is going belly up. This, ironically is the time to buy, not sell. But do your due diligence before you buy. Even if you're retiring tomorrow, you've already lost your money, don't make it worse.
From a jobs perspective the next two years will be hard. It's all about recalibrating the market. The sad part is that we've priced ourselves out of the manufacturing market, so all we really have left is a service economy. Services will be hit hard.
Some companies will do well in this new economy. These are the firm that didn't overstep their bounds (heck, my company just posted a 1.2 billion profit... we didn't do stupid lending). Keep your eye on what's going on. This is a huge opportunity for the people of our generation, because the innovations we do today will create the market of tomorrow. You want the market to respond? Give it a reason to.
Ok. I'll get off my soap box now.