Here is one way to tune out the cacophony of perma-bears as well as perma-bulls. Employ a trustworthy benchmark like the S&P 500. If the index closes below its 200-day moving average, sell a portion of your growth-oriented assets. And if you're genuinely concerned that the corrective phase is turning into a systemic, 2008-style collapse, use a tight stop-limit loss order on the remainder of your riskier ETF holdings. That's it!

Don't fret the price movement of your intermediate bond holdings at this stage. Corporations are sitting on more cash in the history of their existence, making Vanguard Intermediate Corporate Bond safe. Meanwhile, emerging market countries have a far better debt-to-GDP ratio than their counterparts in the developed world. That makes the dollar-denominated PowerShares Emerging Market Sovereign Debt a safer haven, too.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Disclosure Statement: ETF Expert is a website that makes the world of ETFs easier to understand. Gary Gordon, Pacific Park Financial and/or its clients may hold positions in ETFs, mutual funds and investment assets mentioned. The commentary does not constitute individualized investment advice. The opinions offered are not personalized recommendations to buy, sell or hold securities. At times, issuers of exchange-traded products compensate Pacific Park Financial or its subsidiaries for advertising at the ETF Expert website. ETF Expert content is created independently of any advertising relationships. You may review additional ETF Expert at the site.

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