I just wanted to point out that as Mr. Silver mentioned in his last post, this is part of the normal business cycle. Sometimes the pendulum swings a bit further than we're used to, and of course swings back to the other side almost as far, but this is all relatively normal and will settle down as long as people expect it to.

The market is not really a "thing". It's a collection of individual people's actions and all those people have a choice. If we, as consumers, stop believing the market will turn around, and tighten down even further because we expect it to fall apart, we'd be encouraging it to do just that. So it's important that we fight that trend and plan for a turnaround. The market will respond to it. I'm not saying to spend irresponsibly. I'm saying to spend responsibly, use your credit responsibly and not horde all your cash in a mattress for fear of what will come next.