Kristin Nelson talks about it here.
Bookends talks about it here.
So, if you're sitting there with a polished manuscript in hand, should you query?
Business is still going on, and from everything I've read, agents and editors are still buying and selling books. My own agent, Kristin Nelson, recently posted about her experiences here. She's selling books, and for a debut author to boot.
I've even read that this is a great time to be a debut author, because it's a lot more cost effective to pay a lower advance on a debut author that could be big, than to pay a higher advance for a mid-list author whose numbers are borderline. (Though scary if you happen to be a mid-list author with borderline sales).
If you're waffling over querying, take a deep breath and treat it the same as if the economy was booming.
- If your novel ready?
- Is it the best it can be?
- Is your query letter polished and sharp?
- Have you done your research and know what agents might be interested in your work?
If the answer is yes to all these, then query away. A great book will sell, same as any other day.