My recommendation based on the current market echoes may public venue financial experts.
Some MMA's are getting 4.5 and 5 percent right now, while you would have to play hard to average that percentage in the stock market.
But really it depends on your goals and your age.
A person in their thirties, forties or even early 50's who were not risk averse, and did not need cash, might keep it in stocks, and even bottom feed, looking for bargains. When the market turns around sometime in the future 3 to 5 years, then they will clean up.
BUT if you are mid to late 50's or older, it makes since to place it in an MMA so that you can conserve cash and stop the rapid erosion.
The great Mr. Rodgers of the Rodger's index fund fame, has correctly predicted that the stock market is on an 18 year down hill trend, and that commodities will rule over the next 18 years. This means putting your money into high interest CD's or MMA's will be much better, especially for the risk averse.