Markets rock-n-roll

Financial markets are shaking.
It has been a long time since we've seen such a dramatic sequence of events in the financial markets, although it is months now that this could be spotted.
From the Israeli market point of view, seems like our economy manages to hold up part of the quake, yet I fear we ain't seen it all yet.
Specifically, in the IT market, where Risotech plays, we have customers from the financial sector and ISVs that I expect to react to the new situation and reduce budgets as well as perform massive firing.
I can't see a situation in which financial institute that lost 10% of its share value keep the same headcount and expenses in the mid-term.
This ofcourse has a direct impact on service companies and integrators and we take these effects into count in our short/mid term plans.