It seems very imminent that there might be one of those large corrections, nay, a crash, pretty soon in the equities market. There have been several bank runs now, with the latest being WAMU. So how do you protect yourself from a crash or even better- benefit from it. Well, anytime there is a decent rally, sell into it and hold the cash and then buy more stable companies like consumer staples -Coke, Dr. Pepper group, JNJ, Grocery chains, Grain manufacturers etc.
you could also try reading books written by some people who have been around longer - like this book on Crash Profits: Make Money When Stocks Sink and Soar on Amazon.
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