Everyone knew it wasn't going to be pretty. But Monday's sell-off of U.S. equities in the first trading day since credit rating agency Standard and Poor's cut the U.S. government's sovereign debt rating from AAA to AA+ on Friday sent stocks into a free fall and has investors and their financial advisors wondering what -- if anything -- they should do now.

The Dow plunged 634, eroding 5.5% of its total value, in the largest one-day decline since the nadir of economic crisis in December 2008. It was the sixth-largest, one-day correction in history and the sell-off spread to the Nasdaq (down 7%), the S&P 500 (also down 7%) and throughout the world.

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