Time to liquidate equities and buy gold.
Meanwhile the stock market is up again so far today. I'm starting to believe that a lot of current stock trading volume is very short-term trading by people with a 2-4 day time horizon. It's amazing to watch it happen. I'm also getting the feeling that stock fund managers spend nearly all their time following the economic news and the corporate earnings news, and so they don't follow geopolitical events as much as we do here at FR.