re: End of Q1...DOW and S&P almost flat.

People always complain about flat markets and market volatility, but if you are still in the stock acquisition phase of your life, having a hug bull market isn't a particularly good thing. I would rather have a ton of crashes while I am buying and rely on the law of large numbers to revert the market back to an equilibrium point when I retire.

If my 401k quadrupled tomorrow, my lifestyle wouldn't change and I would probably be considering reducing the risk in my portfolio. Most people would be feeling the wealth effect real hard and probably ramping up risk exposure.