Timing is everything. Just last week I was tinkering with my 401k allocations. I liquidated one position into my cash account, and left the other 9 alone, though I did change the ratio of future contributions, from being spread among ten funds, to being split evenly across only five. I wish I could have foretold today's melt-down! I would have liquidated everything! .. Hopefully those who manage my 401k funds know what they're doing, and took steps to mitigate the damage.