"Out of curiosity, what did you tell them (in general terms)?"

1st thing I told them was I am not a financial expert,lol.

2nd thing was: At Times, You're Not Looking For A Return ON Your Principal,You're Looking For A Return OF Your Principal, lol. And that IMO, this is one of those times.

But I told them of the stock market adage: The Market Hates Uncertainty, which is true.
This volatility is going to continue until the guy in the WH calms down, or Congress
actually starts asserting itself. And I told them that isn't likely to happen until more
pain is felt.

Also told them that while 10% drops are a bit scary, they are fairly common.
Asked them if they had enough in fixed income ( bonds, cd's, treasuries ) so that
they would not need to be selling stocks if things keep falling, and 3 of the 4 did
have a safety portion in FI. My sister did not, so I advised her to get at least
a years worth out of stock, and into short term FI.

Also told them not to get out of stocks completely, that nobody knows what is going
to happen in the future.

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