Well upon reading the Angry Runner the Economy is in the shitter and it's only going to go deeper into sewers for the short term foreseeable. For people with stock, that's reason to get a gallon of Pepto, pull out your hair and curl up in the fetal position as you agonize whether to hold and ride out the storm or sell in panic and drive the market even deeper into the septic tank (please consult a qualified financial advisor for help and advice as I am a bank teller talking out of his arse.) For folks like me who are paying back debt, and don't have a lot to play with, the lowering interest rates are a help especially with student loan consolidation peaking around the corner and a variable rate private loan that is a regal pain in my side ( man I was dumb, I should have just gone to CCSU or UCONN freshman year.) but regardless lower Prime rates are good for me and others with variable interest rates and for anyone looking to buy real estate/ investment property if your credit is in good shape.(once again consult individuals with experience in this stuff I am not really qualified for this type of advising.)
For guy like me who will hopefully be on the right track in a couple of years ( barring unemployment, but my company is well capitalized at the moment so it looks like we'll survive the storm....I hope....) it looks like Wall Street will be a bargain bin when the dust finally settles the survivors emerge from the piles of dead they will be bloody, bruised and looking for capital, and that will be the time for me to invest. But until then I'll keep watching the real economists and wait and see when this thing is finally going to bottom out and then begin to rebound, granted from what I've been reading at Angry and Co. it might not be until at least 2010-2011.
Unitl then at least from what I'm seeing Government bonds might be a good investment or if the Fed had any common sense they would push them to fund the massive bailouts that they have undertaken in the last month...but regardless I will leave the econ to the economists.