wall st. braces for a beating, page-3

Yes - markets are spooked far more than they need to be.

Business lending is largely unaffected at this stage as it has always been far more tightly controlled by the lenders than consumer lending.

less lending for sub-prime mortgages may actually increase credit availability to sound businesses.

Businesses are still booming and domestic expenditure continues unabated.

China, India still surging ahead with almost double digit growth%.

The US wants, NEEDS a 10% fall, but after that things will settle down.

Hedge funds are now safe from further calls to funds until end September.

Relax, don't look at the markets if you can't stand it, if you are looking it is because you are bargain hunting.

AND ABOVE ALL DON'T DO ANYTHING STUPID - EVEN IF YOU ARE BANKRUPT LIFE IS STILL WORTH LIVING AND WILL GET BETTER AGAIN, IT'S ONLY MONEY - you can always take out a "subprime" mortgage to buy yourself somewhere to live.