Market panic

With the current market situation, how many will go ahead with their holiday plan?

I guess everybody is in a very depressing mood. Yesterday Dow Jones has trembling down and it affects Asian market. What right now is cash is the only thing that could survive.

Thus, you would have to take a look at your safety net, is it strong enough to sustain your weight. Otherwise, it will just burst out before you could do anything to save it.

Many countries had announced that they are getting into recessions and we see giants like Citigroup is retrenching 50k staff, crude oil is sliding down to USD53 right now. People are now starting to worry for deflation instead of inflation. And all these could lead to deep recession, and it will probably take a few years to re-build it back.

Things that we heard are getting real scary… and though we know it’s beyond our control cuz, these are all business decisions. Some companies are eliminating staffs that are under performing, or even excess headcounts. Some are planning for year end shut down; some even had alerted many of their employees that foresee next year will not have increment. Thus far, have yet to hear anything like pay cut.

What would be our alternatives right now?? How do we brace this financial storm?