[SF_SN888KE]

As a Financial Advisor and a Certified Financial Planner, I've seen clients jump into the real estate market 1-2 years ago and are now hammered. They are cashing out of their IRA's and 401(k)'s to try to stay in their homes. Some are just walking away.

I see that FF is having a sale, and their sales overseas is increasing due to the weak dollar. With the .75% interest rate cut on Tuesday, watch for inflation and steel prices to incease. Don't be surprised if Superformance and others increase their prices.

With this "recession" maybe you now have more negotiating room for used cobras or mechanics.

The stock market is ~20% below it's high in October 2007 and I bet that Warren Buffet is buying, while most people are selling and going to cash. The small investor always does the wrong thing. Notice all of the TV ads for classes of becoming a real estate broker and refinancing ? Keep adding to your 401(k) and use the right asset allocation mix! Think long term.

As for me, less golf, fewer dinners out, local vacations, fewer new ties, and more Cobra! Getting the car ready for the WSCB and track day!!!!!! Priorities.