I'm ok with the paper losses. My investment time horizon is decades. Getting markets to consolidate and give back some of the meme level returns we've had over these last few years is healthy anyways.
The people that are most hurt over this are of course the ultra wealthy that have consolidated a fuck ton of wealth on the back of trillions of government spending. Sure, i don't like losing money, but i think current changes are much more critical to long term solvency then having a market go up by continually saddling the taxpayer with trillions in debt.
Cash flow is king. Enbridge, Old Republic Insurance, and Altria have been doing great.