Well it sounds like you're extremely risk adverse so your best bet is to find a bank with the absolute best APR and just hold your cash there while you wait until you feel market conditions are a bit better.

Something to think about: Diversify your holdings. A good 80% of what you have can milk a high rate from a savings account (domestic or foreign). 10% could be put in a couple of low-moderate risk ETFs/Mutual Funds (formed by companies that really arn't going anywhere, like healthcare), 5% into CDs or Bonds, and the remaining % in minerals (gold, silver).

When you start hearing good news (job market improving, ipos, companies returning healthy profits), you can start re-aligning your portfolio.

Best bet is to get in touch with a financial adviser.