BROAD MARKETS IN CORRECTION--RECESSION SOON?

Friday's losses confirm that the market's in a correction. Today's Market Pulse notes the change.

When stocks move into a correction, there's only one sure way to protect your capital: cutting losses and moving to cash. At a minimum, that means selling any stock that's fallen 7% to 8% from your initial purchase point.

This is exactly the sort of market situation that demands such discipline. All big losses begin as manageable declines, whether for the broad market or your portfolio.