Tips for surviving a correction

[fenders53]

As much as I remain calm, I do expect the virus to cause near zero earnings growth this year. That should surely cause stocks to pullback 25-50% from these valuations right? Sounds logical to me. About 15 months ago we faced the very same prediction. It came true for the most part. While the GDP grew at 2%, most of my portfolio did in fact face zero or even negative growth in earnings, or at least revenues. Market ran nearly 30% in spite of it. Point being, it's great to have an opinion on market direction, I certainly do. Just don't over-react to your prediction. Don't go 100% in or out of stocks or cash ever. The market is not rational for years at a time. You'll get burned by your assessment eventually if you over-react.