I retired in Oct 2006, and keep 100% in individual stocks, so my net worth is substantially lower.
However, my dividend income (which is what I live on), is up over 20% (PG $1.24 -> $1.60, KO $1.24 -> $1.64, JNJ $1.50 -> $1.84, MMM $1.84 -> $2.04, SYY $0.68 -> $0.96, EMR $1.05 -> $1.32, etc). These dividends look secure to me unless economic conditions get substantially worse, so the drop in market prices is pretty much irrelevent to me. The slowdown in profit growth is unwelcome, because dividend increases will be smaller (or even skipped) this year, but recessions are an expected part of the economic cycle.