So take heart : The death of the bull market is not the bad news everyone else believes it to be. Thanks to the decline in stocks prices, now it's considerably safer- and saner- time to be building wealth.
For would be seller- Resist the temptation to sell unless you're too cash-strapped to meet your day to day needs.
For would be buyers- Overcome the fear to buy. Be patient in case the price may fall further.