Compared to full-blown bear markets, they're minor annoyances. Nevertheless, market corrections take a monetary -- and therefore mental -- toll on investors. It feels right to try to defend your portfolio from these slight setbacks.

But, should you actually attempt to do so? And if so, how?

First things first. What constitutes a market correction? There's no official definition. Broadly speaking though, a pullback of 10% (or more) from an index's peak is considered to be a correction For the sake of comparison, most consider a slide of 20% or more to be a bear market.

Continue reading

Source Fool.com