I Moved My 401(k) into a Cash-Equivalent Position Before the $2 Trillion Market Crash – Smart Move or Mistake?

A few days ago, I made a tough decision. I moved my entire 401(k) into a cash-equivalent position. I had been watching the markets closely and felt uneasy about where things were heading. With all the economic uncertainty and the risk of major policy changes, I decided to play it safe.

Then, tariffs hit, and the market plunged $2 trillion in hours. I took some losses when I moved out, but nothing compared to what just happened. Now, I’m left wondering:

* Did I just protect my savings, or will I regret this decision if the market rebounds?
* Should I stay in cash-equivalents and wait, or start looking for reentry points?
* Is this just the beginning of a bigger downturn?

I know we always hear “stay the course” and “don’t time the market,” but in moments like this, is it better to act or hold steady? What’s your take? Anyone else make a big move before this crash? What’s your strategy now?