Not sure where you're getting 2 weeks pay from. Many in the professional class will lose their jobs in a contracting market (there will be losers), and finding

Not sure where you're getting 2 weeks pay from. Many in the professional class will lose their jobs in a contracting market (there will be losers), and finding a new job will take much more than 2 weeks. In the mean time, there's still rent/mortgage to pay amongst other expenses. Not everyone keeps a lot of cash liquid. There's also a difference between selling some stocks and liquidating your portfolio. It's not all one or the other.