Out of the 401K game for a while..

As I write this, I have just left my 401K webpage.  I have dropped my deductions down to 0% for the time being.

My logic for this is as follows:

I feel like I am literally taking $100 bills and standing over the Grand Canyon and dropping them in.

Now the flip side of it is this:

I could be getting stocks really cheap right now and watching them grow later. 

My decision was based on this:

I'm not willing to take the risk anymore.  Risk, can at times, be very good.  Its not good when I could use the extra money each week just to pay my bills and I cannot be assured that we will ever get out of this horrible market cycle.

What say you?