It depends on what stocks you have.
Are oil majors, trading at 7 or 8 times earnings and paying a 3.5% dividend, going to plummet? Probably not. Same thing with drug companies, utilities, and tobacco. The dividends will put a bottom under any decline, because people are looking for income and will buy on a pullback.
That’s a good reminder for me. I have my stocks “tuned” to where I am making 1% per day steady but should probably be ready to shift here pretty soon.