re: Changing 401k investments to avoid losses

I'm with the OP and am considering moving some of my portfolio into more stable funds. I wont change my future contributions (i.e. I'll still buy the same funds, thus if the market does go down I'm buying at a lower cost), but I am going to re-distribute some of my current holdings into a stable fund that is almost essentially a cash fund- I think it's technically a stable bond fund. It doesnt move much, but thats better than watching my current holdings drop like a rock during the big dip.