Four ways to play defense in a falling market

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Markets are falling worldwide. The German and Chinese stock indexes are down double digits from recent highs weeks ago and the S&P 500, now negative on the year, is off 6 percent over the past month.

CNBC Pro asked some experts if the market would continue to sell-off and what to if it did.

Here are the four ways they recommended playing defense:

1) Be patient:

"Selling continues to plague the stock market and we expect selling will continue through September…So try to be patient and keep your powder dry for what looks likely to be a decent seasonal buying opportunity later this summer or early autumn." – Jeff Hirsch, Editor-in-Chief of the Stock Trader's Almanac.

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