I'm all bonds now inna 401. I will be all stocks at some point. A day, a week, a year or seven from now. The thing is that the right balance between premature and too late will end up making the maximum amount of money in the 401. I'm comfortable with my concerns right now. Of course I was comfortable with them at the generational(?)low in 2009 and I left a lot of money on the table staying too comfortable worried about losing money. I think I'll allocate a little more time toward being uncomfortable.