Re: Are you being hit by the credit crunch?
To me "Credit crunch" is getting advertised more then it usually is to be fairly honest with you.I don't know why people here hyped up a thing way too much. Its not only with credit crunch but in sports as well (you take football, rugby, cricket and recently Tennis as well, all of the sports BBC specially hype up things way too much). I remember I was watching breakfast the other day and the host said "if murray wins from Federrer then he is british and if he loses from him he is scottish"..What rubbish!
Credit crunch is hitting those people who had invested in share market quite heavily, for example, the steel giant Laxmi Mittal (from 24.4Billion dollars to 2.4 billion dollars).
People who has hard cash in hand they are doing pretty well, like the owner of Topman etc.
So you can see there are different ways or I should say areas where you can avoid this "crunch".
If I owned 20 odd horses and had pretty bad times then I would have sell them But will never abandoned them. Abandoning them would not make you feel any good instead you'll be more worried about the horses whom you spent soo much time, effort and money over period of time.
I'd say, strong people are hanging on there and weak people are trying ways to run away.