Thank god I've already vested and sold most of my stock options, my house is fully paid off, and I have slightly over $1million in cash sitting in the bank earning exactly 2.5%year through an assorted ladder CD deposits.
That said, we're more likely to see a 50-60% layoff in the Shale/Oil/Energy sector. And we are definitely going to see a home price correction in those southern states that were counting on an energy boom. I believe in some southern states, Shale oil was actually selling for negative dollars/barrel last week, since no one wanted dirty shale that has a high sulfer content that requires much more refining costs.
So... I can't wait for the southern states to start experience massive foreclosures, including Texas.