I am getting a positive return on my money, but I am actively managing it. I made money betting (by selling short) that Bear Sterns was going down. I'm also betting that UBS, Morgan Stanley, Washington Mutual, Citigroup, Fannie Mae, Freddie Mac, and a few others are all going down. It's just a matter of time. They are all more or less insolvent because of overleverage and poor lending practices.
If you are looking for someplace to park your money for a while, try the Vanguard Treasury funds like VUSTX, VFISX, VFITX. They all hold only US Gov Treasuries, and will earn a postive return. Or, better yet, go to www.treasurydirect.gov
, register for an account, and buy your own T-bills direct from the treasury. You won't get much of a return (4-5% max) but you will get a return, and won't have to worry about losing money. In a recession like this, return OF capital is a higher priority than return ON capital.
Sure, stocks are cheap now, but they are only going to get cheaper. The bottom will be here when people stop saying, "this is the bottom." Good luck to you!