I'm still all-in on stocks. Fantastic gains in a very short period of time.
Remember: A 6% gain on $50,000 put into a "conservative" investment like a total market ETF is MORE in $$ terms than a 100% gain on a $2,000 "risky" small cap investment.
Risk comes not just from the nature of the investment, but on the amount of money you put into an investment vehicle.
Using dow theory, we can reliably make HUGE conservative bets on the direction of the stock market - and thus gain potentially more real-world dollars than we could making a bunch of small bets based on a 'diversity' model.