I would say that the risk is definitely increased, and companies that have valuations more based on growth might be on less stable standing. Maybe it makes sens

I would say that the risk is definitely increased, and companies that have valuations more based on growth might be on less stable standing. Maybe it makes sense to liquidate a certain portion of your stocks. The thing is.... If others think this way too... Then they will start pulling away from growth stocks too... Which then will put downward pressure on the market, and push other prices down.... So, well the answer is nobody knows. If you want to play this like poker, sure, liquidate a portion that matches your risk preference and analysis of risk potential.