Long Beach Mortgage Report: Economic Concerns continue in the Stock and Bond Markets

Long Beach, CA. Kirk Mulhearn and Lila Feingold successfully gave a Short Sale seminar today at the Norwalk office of Mulhearn Realtors. Over 120 agents showed up and learned how to handle the current trend in the plethora of short sale ativity.

Economic concerns continue to impact the stock and bond markets today. Negative corporate earnings reports contributes to the markets feelings that the recession will be deeper and longer lasting than current economic predictions. GE profits fell nearly 50%, Toyota warns of unprecedented job cuts, and bank bailouts soiled by dirty politics. Not exactly the formula for encouraging news. But resilience is what is needed in times like this. What do I mean? The ability to bounce back is even more crucial in difficult business economic times. Resilient people are able to see hardships as an opportunity and adapt to the setbacks. Staying resilient helps limit the normal anxiousness we face with a crisis and permits clear thinking. And we need a lot of clear thinking at this time.

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