Junk bond spreads which have served as a very accurate stock market indicator this year are extremely narrow and narrowed further on Friday. No way will get a sharp or sustained stock drop until junk spreads start to widen IMHO.
Since you are sitting on a sizeable cash hoard and expect the market to engage in a fast and furious up move, are you planning to exploit the opportunity? And if yes, when do you expect the rush to set in? -g-