The Investor, the Recession, and the Business Cycle
The financial media often takes on a "sky is falling" mentality when it comes to recession. But the bottom line is that recession is a normal part of the business cycle. We can't say what the best course is for you - that's a personal decision. However, understanding both the business cycle and your individual investment style is key to surviving a recession.
Source: http://www.investopedia.com/articles/02/100402.asp