As people grow older, they should decrease equity exposure to 60 or 65 percent, most advisers say.

They now have a recommended equity exposure, on average, of minus 13.5 percent.

They were seduced into increasing their equity exposure just in time for the bear market to resume.

Just as the theory predicted, investors who looked at their performance most often had the lowest average equity exposure.

That gave him equity exposure but limited the risk.

The puts hedged all but 9 percent of the fund's equity exposure.

"At the same time, they still want some equity exposure for when markets rebound."

"This is a decent buying opportunity and certainly not a situation where you should be lowering your equity exposure."

But if you do not, then you should reduce your American equity exposure in favor of foreign stocks.

"I want my clients who have a heavy equity exposure to be prepared for a possible correction."