> Also by sitting in Stocks, you not only lost 20% this year, but also 9% due to inflation for a total loss of ~30%+.

But if you sold the stocks, you would have taken an immediate tax hit of ~20-35%, and you would have to time the bottom to get back in.

So, it's not at all clear that getting out makes sense. Depends on the depth of the decline, and that is unknowable.