As they suddenly woke up to the reality of the economy and tax cuts, so the markets suddenly realized that the Mideast and Eastern Europe may be staggering along towards a wider, bloodier war.

Stocks dropped hard and bounced very little into the close.

Gold and silver continued the spike from overnight, ran up to new highs, and were brutally sold down to finish in the red.

Nothing like the Dr. Evil strategy to provide a solid wash and rinse, especially into the weekend after Europe goes home to dinner.

VIX spiked, but backed off some, although it finished much higher than usual.

The Dollar rallied again, as it did yesterday, pushing up towards the 106 handle.

Yay us.

Have a pleasant weekend.

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