The world is an ever changing place and volatility along with the potential for higher returns is the nature of equity markets.
Investors who maintain a long-term outlook for their investmants have an advantage over those who do not. Successful long-term investors understand that the market will always experience periods of decline and that although stock investments do involve risk, history has shown that stocks have a record of out-performing more conservative investments over longer time periods.
The key to surviving market volatility is a long-term approach, diversification and a comfort level with your exposure to risk.