The Sum of All Fears looks to play out this weekend and global markets are reacting accordingly. We can talk about prices and such today but perhaps it's more important to be reminded that now is the time to remain situationally aware and alert. The markets will still be here on Monday but, beyond that, we can't be sure of much else.

I was poolside in Vegas for U2 weekend when I learned of the attack on Israel from Gaza. It was horrific and sad news but I felt at the time a deeper dread...that perhaps we'd just witnessed a sort of "Franz Ferdinand" moment. The seven months since...