Given the magnitude of today's decline, up vs down vol, etc. I would be very surprized if there is no follow through tomorrow ... unless of course there's some really good war news.
Given a list of things that might happen, such as, Saddam is captured, there's a major negative event in the US, etc. this can be a treacherous market.
One thing is pretty sure: The economy is not going to improve in the next 24 hours.
LisaAu