With stocks down over 10% since the start of the year, it is crucial to stay disciplined. Action Alerts PLUS Portfolio Manager Jim Cramer and Director of Research Jack Mohr discuss why they raised historically high levels of cash ahead of the sell-off and provide their thoughts on how to navigate the turbulent market going forward. Both expect oil to stay lower for longer, and believe oil is in fact overriding the broader market, with the continued collapse dragging the entire market down along with it. Although they are not looking to fight the market’s wrath and await some level of stability before going bargain hunting, they believe it is crucial to stick with domestic names – specifically those with high quality management teams, safe dividends, secular tailwinds and strong balance sheets. Within their portfolio, Jim and Jack like American Electric Power, Jack-in-the-Box, Kraft Heinz -- with the caveat that this is more of a long- term trade, Panera, Stanley Black & Decker and Walgreens Boots Alliance.