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Sean. My employer's 401k doesn't have cash or money market accounts to park my $. Instead I moved all of it into short term treasuries (which makes up a lot of money market portfolios) until there's a significant correction. Then I plan to average back in as a correction unfolds. Thoughts?

Many of them will have a money market account or something close to it. So if they don't say money market, they could say "stable value fund", etc. Your 401k administrator can tell you what that choice would be.

Holding a good bit of cash until stocks come back down to reasonable valuations (particularly on the S&P 500, etc.) could end up being a wise move.

But ultimately, that's a decision you have to make.