Expectations have been all over the place. If you sold in February you saved a lot of paper losses in March. If you missed out on April you lost a lot of gains as expectations improved.

For now, I'm keeping 5-year money (college tuition starts in a little over a year) really conservative. Retirement is staying diversified mostly in stocks and I'll try not to obsess over it too much. A little bit of "fun" money may go into play if I feel like a gamble.