Will be tough sledding as long as the Syria news dominates that headlines. I think we will head back up to 38 later this year. For now it's a good time to add and I think some will rotate out of more volitile stocks into safer stuff like MO, LO, PM and other ''boring'' companies.
I don't see your scenario. Oil and gold are up due to uncertainties in the Mideast. As usual, when the economy according to Obama, is about to recover, oil prices will put a damper on the so called recovery. Considering the recovery has all been just one big snow job, higher energy prices at this time could throw the US economy into a tailspin. Higher oil prices won't encourage businesses to move to the USA. Part time jobs for everybody along with no health or retirement benefits. Whoopee! They be trading a pack of cigarettes for a meal soon.