I have no advice, but as long as we can keep our jobs and health we will be fine.
This is a world wide corrction both in stocks and housing. We all get hit more or less the same, so in the end nothing has really changed; except if you for some reason need the money right now.
When everything went up we all felt great, but did not really get anything major out of it except that some of us spent a little too much on various gadgets. In this downturn prices of everything will eventually drop as well and in the end it will not make too much of a difference what our paper value is!
Be prudent, for those with cash there may be some great opportunities in the near future.