From May 19 to "World Black Monday" on Aug. 24, the Dow Jones industrials dropped 2,981 points, or 16%. If you invest in income stocks, what should you do in a decline like that? If you've held a super-steady stock a long time and your capital gain far exceeds the size of that "black and blue" index's drop, the answer is easy. You can hold on and wait for the market to regain upward traction. What if you recently bought the stock and it's now down 8% or more? It makes sense to cut losses on any stock, even those that appear frequently in this column, and even if the dividend... More