Some times there a bad feeling, is there a bottom? Or are we in a riding a roller coaster that does not have a bottom!
Any big company that is in the news is only giving bad news. And all and any news that is coming out is driving the markets down and making us loose more money.
401K value is half of what it used to be a year ago while the contributions from me and my employers are going in regularly and I am paying in a loan that I took on my 401K.
People who have the jobs are scared of when it is their turn to loose them and people who are not working are not getting jobs. And those who are getting jobs are getting a hit on the salary.
What is the possible good news that we can get that would stop the slide?
1) Banking has to revive and show that they are back in the mood to lend.
2) Real estate prices have to stabilize.
3) Job market should get better.
These are the three major factors one can help the other and we will start seeing some green.