That video interview? Not so fast. I got a call the afternoon before the interview saying it was canceled. They said they still like me, etc. and want to finish my interviews, but the position has been "put on hold" until after the end of their fiscal year, that they expected to call me in a couple of months, but that I should call them in the meantime if I get another offer or close to one with another company. Realistically, there's a decent chance that translates to, "With the current credit crisis, we don't know if we'll have this position or the cash to afford to hire you. We would like to keep you in our back pocket just in case, though."
And with the DJIA down over 10% in the last 48 hours, I can't say that prospects to work in the financial sector are looking up today.
On the rather bright side, I found out today I'll receive a raise after all for my recent promotion. In fact, my rather modest expectations were exceeded a bit. When combined with my annual raise, I'm even a little ahead of inflation--for this year, at least. Given the number of people looking for work or underemployed, it could be much worse.
So, with the market like this, am I better off buying "undervalued" stocks or guns and wheat? I suppose it's been alternating fat and lean years since before Joseph interpreted Pharoah's dream, which is why we'd all do well to follow the wise counsel to build a substantial, safe reserve over time as our means allow--even at the expense of that desperately-needed bedroom set or trip to Disneyland.