It’s almost inconceivable that there won’t be an enormous slowdown in the U.S. markets and with that, increased joblessness, lower employment and higher bankruptcy rates, both personal and corporate. Businesses are going to have to adapt.

—Michael Vogelzang, chief investment officer at Boston Advisors LLC

The cards are on the table and a recession is coming. Our focus is going to be on things like dividend yields, solid brand names, consumer staples, less cyclical exposure and those sorts of things. Broadly speaking, earnings estimates are coming down.

—Henry Herrmann, chief executive officer of Waddell & Reed, $70 billion AUM

More important than the bailout plan will be next year’s economy. I would rather sell on strength.

—Marc Faber

Manufacturing could be on the brink of a collapse. There are no orders, no jobs and there is really no incentive for businesses to invest. The credit crisis is compounding the problem.

—Lindsey Piegza, a market analyst at FTN Financial

It has to go, for the sake of the U.S. and for the sake of global finance. I am confident, but of course it is the decision of the U.S. Congress.

—Jean-Claude Trichet

[The rescue bill] is not going to switch on a light, so to speak. I see more layoffs coming, and I see more business failures. You have to start thinking about Treasuries as a core holding going forward for the next year or so.

—Francis Mustaro, who heads a group managing about $500 million at J&W Seligman & Co. in New York

People are focusing on the fact that when you move beyond this vote, you get back to the data fundamentals, and we’re staring at what could be a very steep recession

—Martin Mitchell, head government bond trader at the Baltimore unit of Stifel Nicolaus & Co