what to do if you have only cash?
puzzle-out: I'm in a similar situation, I looked at stocks, but really to make much money out of the stock market in bearish conditions, you need a hefty amount to invest in the first place, unless you go down the spreadbetting path, but that's dangerous territory if your not in full control of your passions.
I'm going to invest the money instead travelling in the spring, to check out eastern europe - 90% pleasure, but I'm arranging to meet up with some startups over there and who knows, I might take a punt on one of them.