The last few weeks have been a reminder that markets can certainly fall. Anyone holding stocks has to be prepared for periodic declines. With the market up today, perhaps it is appropriate to think about your risk tolerance and consider reducing your equity exposure if market declines would cause you great distress.
In theory the decision as to the percentage asset allocation in stocks is a separate matter from which stocks to own. In practice it is hard to reduce equity exposure overall if it involves selling some stocks that you like. The theoretical answer would be to reduce all positions fairly evenly if you are inclined to reduce exposure to equity.
I suspect the jobs reports tomorrow could push the market in one direction or the other.
For myself, I will likely hang on to my stocks for the most part with no material reduction to the equity exposure.