Dont Panic:
Panic will often only make the situation worse. The financial markets work in part because we have faith in them. If the public loses faith, they may collapse. The stock market has taken serious hits in the past and has always recovered. The housing market has suffered in the past only to rise to new highs. Banks have failed and companies have gone out of business. People lose jobs every month. None of this is good and it is painful when it happens, especially when it happens to you. But panic will only make it worse.