Lets face it - this market is really tough today. Massive layoffs from subprime slowdown has left many companies, the 800 pound gorillas and small boutique firms, completely uncertain about growing divisions which has led to hiring freezes.
If you're one of the unfortunate talented professionals who were subject to the whims of this market downturn, there is very little to worry about in my opinion for several reasons. The first and most important, is that the Fed has responded, albeit rather slowly yet forcefully, fueling market liquidity combined with a much needed lower interest rate environment - factors which will all positively impact a stronger 2nd half particularly for financial institutions. Another positive is that a layoff in today's economy is not looked upon as bad when everyone today has a friend or family member that has had the same back luck. It is almost the norm!
Finally, and most strategically, is that in such times of uncertainty, companies are open to ideas and leadership, so it is a great time to focus your efforts and build skills in areas where the market is increasingly focusing its attention to: risk and credit are hot areas right now and given the changing landscape, should continue to be two important skills to have for years to come.
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