Is Now the time to buy a boat???

We have seriously been looking into buying a boat over this winter but with the annoucnement today that Delphi is declaring bankruptcy and GM talking about massive layoffs. I am now thinkng about re-considering the purchase as it looks like we are heading into a reseccion (and from what i am hearing it could be the worst one ever) do i take the chance and jump now or wait it out?

some of the finacial gurus on this board could really give me some good insight here (hopefully)