What should I do with my 401k?

blow it on drugs lol jk. you should invest it in stuff!!. best to have you money make money than not to have any right?

Sit tight.  FYI all of mine is in stock index funds.  In fact, I recently increased my contribution to take advantage of cheap prices.  It will come  back.   You  have many years to ride out the cycles of the economy.  BTW, I am not a finance advisor professional, nor do I pay for advice from anyone.   Just a middle class wage earner, but I started my 401k in 1982 and follow this stuff pretty closely.

move to bonds

you should put it into a fixed annuity with a guaranteed rate of return. I am a financial advisor at new york life and new york life is a mutual company and not a wall street journal but a main street journal. Need further info. email at eignacio@ft.newyorklife.com

You have a lot of money, try buying a house for yourself before everything and look to invest, try to get a running business to keep making regular money.

Nothing, the market will turn around.