3 steps to prepare yourself for a market selloff

It’s time to get ready for the stock-market collapse that may not happen. There’s been much chatter about a possible selloff, which suggests many investors have already placed that bet — and perhaps a big decline isn’t in the offing. Still, it’s good to be prepared: Share prices have almost tripled since the March 2009 low, as measured by the S&P 500 index SPX, -0.16% , and are now richly valued. As a precaution, consider these three steps:

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