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The Confidence Factor Survey: Do you think we have hit Bottom? ( surveys)

Last week, I asked readers to vote ‘yes’ or ‘no’ on “Have We Hit Bottom?” There was a large response and the results were definitive: 80% voted NO. Actually, not a surprising result, considering the news and continuing slide on all financial fronts. While the current crisis is very real, one of the significant aggravating factors that the poll implied is that there is little to no confidence in our ability to dig out of this mess, and this malaise is coupled with an irresponsible press, and pundits on every channel, finding bigger and better disaster headlines to fuel the fire. The confidence factor is going to lengthen this recession and, on the hiring front, delay any significant recovery until at least 2010. I wish I were sitting on the sidelines! Lucky are those who are, because the recovery out of this situation is going to provide extraordinary opportunities. There are always two sides to every coin.

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