Depends on your age, how the money is invested and what your plans are for it.
Fear is not an investment plan.
Suggestions: A little in a precious metals funds would be prudent as a hedge against inflation; an equity income fund with strong stocks sporting good balance sheets and dividends; a short-term bond fund due to inflation fears.
My experience with fear is, generally, a good signal to buy instead of sell.
Don’t worry, be happy. :)
bump
My brother and I will retire in about 16 years. He's always been a big proponent of 401Ks, and generally knows what he's talking about. I question his advice about one thing though: Says to put most of my current contributions into stocks now while the prices are cheap, then back off and diversify future contributions when the market is up.
Is this a reasonable plan? I do have a good mix from past contributions, and I didn't start saving until I was 40, so I need to be aggressive.