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October-6-08

What is next for the financial picture

posted by admin

With all the uncertainty that is facing our markets there are a lot of nervous people on Wall Street. Even with the signed $700 billion bailout package signed the markets are still not confident that will do the trick. As several banks have gone under or been taken over this has displaced thousands of workers in NYC. There is probably a high demand for New York movers than there has been in the last several years. With down turn in the market and the huge loss in capital there are a lot of people who can longer afford to in their plush houses or apartments.Our thought is that the market will correct over the next few months, but only after we allow the process to take place and most of the greed and over spending has been swept of the financial system.

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