It's Saturday, a time for investors to reflect

Saturday is finally here. And that means investors can get off the roller coaster ride Wall Street took them on this past week. It's also a good time to take a deep breath and take stock in how portfolios held up in this wild up-down, up-down, up market.

First the good news. While it seems like the stock market crashed -- it hasn't. At its low point this month , the most the Standard & Poor's 500-stock index was down in October was 5.6%. That's a sizable loss, but pales in comparison to the 21.8% drop in 1987, the biggest October loss.

Another positive is the fact that the stock market, despite being mauled by the bear earlier in the week, finished with a big-time rally. The Dow Jones industrial average rallied 263 points Friday. The S&P 500 rose 1.3%.

Better yet, fear, which spiked to levels last seen three years ago, was trending lower Friday, as investors reassessed the investment landscape after some good news on housing and the mood of consumers, as well as strong earnings reports from firms such as Wall Street bank Morgan Stanley.

The better headlines, at least for now, seem to have taken the edge off a market that had been driven largely by fear and emotion, due to a global "growth scare" sparked by weak economic and inflation data in the eurozone and escalating fears surrounding the Ebola virus.

The world didn't end. But that doesn't mean investors shouldn't rethink the risk they're taking in the market if this crazy week caused sleepless nights.