Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

How risky is it to keep my emergency fund in stocks?
A major danger of keeping "emergency" funds in the form of stocks is that many of the scenarios where one would need quick access to the money will also momentarily depress the stock market.  Someone whose emergency funds were in some other form could avoid selling stocks during a momentary downturn, but someone who has no other emergency funds would have no choice but to sell during the downturn (thus losing money as well as making the downturn more significant for everyone else).