Last Chance Gulch (S&P 1150 needs to hold here)

The S&P futures will have to do an awful lot of work before 6:30am, if they want to hold the 1150 support line.  I believe the liquidity in the private credit market just ceased, thanks to the Bernank.  The news is rolling across Europe right now and their markets aren't looking too happy.  This could pick up momentum before morning.
I have the next S&P support line at 1040.

Cash will be king!!  Look at that dollar surge.  The US Dollar is probably the safest place for your holdings.  Imagine investing by doing nothing?  Easy Peasy.  Imagine how strong the US Dollar will become if Government is silly enough to confisicate Gold again like they did in 1933.  OMG!!

The bright side:  Gas might stay under $4 gallon if the dollar continues to strengthen and our economy finally allows deflation to run its course.