Will all the hype in Wall St and the mortgage crisis, financial crisis, and high gas prices, How are you guys dealing with all this? Do you think we will see light at the end of the tunnel?

I definitely do, I am a firm believer that this is going to be the greatest transfer of wealth , of our time. It just all depends how you play your cards, its unfortunate for those that got in at the very peak, but you could tell if you were well read enough that we've been inflated for quite a number of years. I've just started spending some of my cash reserves on strong companies, with high dividends. And will continue to do so as long as they look cheap.

I'm not trying to call a bottom, but its definitely getting close.

Echo Natemcdo's comments - this is opportunity for the thoughtful investor.

I had invested in financials after they reached their lowest point on July 15th, but since withdrew because after a string of high profile failures and market uncertainty, I'll wait and see how things develop over the coming weeks.

Schiller housing report is likely to be very bad this month, because it'll be reporting for August - traditionally the worst month in real estate for sales - that coupled with the unwinding of CDS obligations, continuing bad commercial credit markets - means I don't think we've seen a bottom yet.

However, through end of October to June I think will be the best opportunity for investing - am expecting economic indicators by June to show room for significant optimism.

Will be trying not to invest in too many distressed companies this time, and JP Morgan and Wells Fargo are high on my list (especially if the Wachovia deal goes through).

A theory that I heard for the bubble was that in 2001 investors got scared after the attacks and invested in R.E. My Q is will the investors pulling of out the stock market now eventually do that again?

Definitely! Just hang in there. It might take awhile but we will reach a bottom.

recessions seem to be cyclical. so it will blow over within a few years... hopefully...

Though there is no rush to invest today. It is always advisable to look for good opportunities. Doing so takes you some time and research, but you will be rewarded with sustained returns. So avoid speculative investment, but solid companies stocks are down with the rest of the market so take advantage of them when you see them.

The same can be said for any type of investment as long as you are looking to the long term for your returns.

As I say on my web site educating yourself and doing your homework is the only way to succeed in this world.

I think Residential Real Estate is near a bottom, however Commercial Real Estate still has a long way to go. We haven't even seen the first half of the wave

Employment is the key factor. This coupled with banks returning to traditional underwriting of loans will limit what people can borrow. With traditional underwriting borrowing will be tied to income. I would expect to see home prices rise in a direct correlation to gains in real wages. With the amount of off-shoring of jobs to India and now Manilla it will put pressure on U.S. wages to stay low. Add in that all of the people who have had a foreclosure will be out of the market for some time we will have less shoppers in a position to get financed.

Where is the bottom? It depends on who you ask. If some on draws their income for real estate they will tell you we have seen the bottom, buy now or you will be left behind. If someone is a home owner they resist the reality that if they cannot afford their home someone willing to live in their digs probably cannot either. The bottom will be relative.