You know what would have been awesome - was if I could go back to February and had moved my 401k into CDs and one of the few stable value funds I can pick from...

The market was at a record high 366 days ago. Things can move pretty fast.

IMO, unless you are retiring in the next 5-10 years, the potential for reward is greater than the potential for loss at this point.

The real problem is too many people have started viewing the market as a source of short term income, instead of viewing it as the long term investment that it is.