In these times of financial melt down many contributors to ASF are suggesting "go to cash". There is a good way to go to cash, invest in shares and enjoy the best of both worlds.
It is the companies that trade with high debt that are in trouble in the same way that home owners with high mortgages are in trouble. Those of us that own our own home are OK so it is reasonable to assume that companies that "own" their business will do better than those that do not. Some will be affected by the drop in business or the drop in product prices so some will be affected more than others. Even those will be able to manage their business to cope with conditions without financial institution pressure.
Companies with no debt are not as likely to be targeted by hedge funds as those that have debt.
Considering these factors should result in discovering some value stocks on today's market.
So I say "invest in the cashed up companies may be better than have cash sitting around."