I'm reading on several writer's forums about how bad the book-selling industry is doing right now with the down economy. I'm hearing (reading) that agents and editors are taking on very few new projects and selecting the ones they do take on with extreme care.
So, I'm thinking of stopping my querying for the time being (months, years) until the economy improves. I have nine outstanding queries. I think I'll see what comes of them, but wait to send out any more.
My thinking is I want to wait until the market improves so I won't get a bunch of rejections that otherwise could be acceptances. There are only a finite number of agents and publishing houses and if I exhaust them now, when they're not in the buying mood, I may have lost them possibly forever.
At least that's my thinking for the time being.