I remember when I was a owner of a brokerage firm back when the market crashed in October 1987 and I also remember the Savings and Loan debacle too. 
If I remember correctly there were about 800 banks that failed and the market dropped 20% on that gloomy day!

I lost over a million dollars in stock worth that day!  I would have jumped out of the window but I was only on the 2nd floor.
But I also remember that our market recovered in 15 months.
 
Now don't get me wrong I can’t believe what is going on!!  It is amazing to me that firms like Bear Sterns, Lehmann brothers, etc. have gone belly up, but I prefer to maintain a very positive outlook.

I think that this will really help the entrepreneurs, because I believe that regardless of who gets elected capital gains tax will be reduced, for sure if McCain is elected and maybe with Obama.  McCain came out today and said he would lower capital gains tax from 15% to 7%!  Yea baby that’s what we need!

It only makes sense that they (either candidate) would lower capital gains to inspire investing which causes job creation.
I also feel really strong that this was the straw that broke the camels back and the American public is going to clean house on some of the crooked politicians and we are going to hold them to a higher standard. 

I know, even as I write this, it sounds like a pipe dream, but I like the glass is half full approach.

We can only pray, have faith and believe!