If you opened your portfolio today and winced, you're in good company. As of market close, the S&P 500 was down 4.36% and the Nasdaq 5.52%. If you own a lot of growth stocks, your account probably fell harder than that. Back in September, Tom Gardner sat down to record his sixth Quarterly Call, and he spent a good chunk of it on days like this one. He didn't predict today. Tom doesn't make market calls, and he gave "a mild wrist slap" to people who make spectacular ones. Instead, he explained why a drop like this shouldn't catch a Fool off guard and what to do when one arrives. Here are five ideas from that call worth rereading before you touch the sell button. Tom reminded us that the S&P 500 has historically fallen 10% about once a year. A pullback of 10% to 15%, he said, is "par for the course." Think of it as the toll you pay for decades of stock market returns.
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