Are We in a Recession?

Somebody please just make an official statement on this. The markets are up and down faster then a yoyo, and gas prices are confusing me.

So in the last month markets have dropped almost below 8000 points on the DOW and gas is half the price it was in July/August (yet the price at the pump doesnt reflect that).

My question is, should we be spending money, or saving money, should I wait for a better mortgage rate in a month or grab it now. SOMEBODY please let us know before its too late.

Anyways I guess being an average citizen I am left in the dark like the majority of us are and just want answers.

Well back to work, I have to finish up my latest site, a precast concrete site based out of Canada.