My action was mostly driven by a perceived disconnect between asset prices and reality. If the main driver of asset prices is liquidity, the construct becomes very risky. I witnessed numerous occasions, where the stock market reacted to rather poor economic news with a rallye, simply because the Fed was less likely to raise interest rates. Absolute bonkers.
Since this is a watch forum: I expect watch prices to tank sharply. I know everybody will disagree, so let's just wait and see.