I find myself wondering if (and by how much) the prices of gear will fall in the months to come. The recession that now seems certain will drive sales down. Manufacturers and dealers could drop prices in a bid to move inventory. This would drive down the price of used gear.
Another scenario is that folks could start selling stuff to generate cash to make ends meet. An increase in supply will thus drive down prices. On the other hand demand for luxuries like cameras and lenses will be low, driving prices down even more.
All in all, not a good scenario. Those with a bit of spare cash might pick up bargains, but...