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What are ups and downs?

What are ups and downs? Here are some definitions.

Noun
  1. (idiomatic) Periods of positive and negative events, moods, or interactions; highs and lows.
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Examples
We've had a few ups and downs along the way but thankfully it all came good in the end.
Yes there will be little bits of ups and downs as corporate America back-pedals on IT budgets.
There were ups and downs of extreme, intense depression, and extreme, intense joy and hope.
You know how in some jobs you can coast through the ups and downs and just kind of go along to get along?
Then there is the sinking stock market and the move from guaranteed retirement pay to dependency on the ups and downs of financial casinos.
Variations in exports are expected to be sufficient in order to cope with the cyclical ups and downs in production.

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