This will be short lived. Vix will spike above 40 plus and we all know what happens after the vix spikes above 40, it collapses each and every single time. Now that the uncertainty of a Russia threat is now actuality the markets can spin this as a positive and the fact that the fed is going to step in and most likely do a .25 rate hike or no rate hike will spin markets higher. I'm seeing too many traders now taking on one side which means there is a short term bottom forming, don't be surprised if markets end the close in the green tomorrow.
There is still a chance that all this russian and ukranian bullshit could be fake bullshit, in an attempt for something else
Oh and don't forget Biden will be talking tomorrow and will probably bring up more sanctions so this will also probably keep this Russia Ukraine war shorter than most believe. Once its done oil will collapse and markets will skyrocket. Oh and as for oil at 100 that in itself won't hold up too long either. Any spike in oil prices won't last as a weakening economy and already 4 and 5 dollar gas will curtail consumers from wanting to spend on most future goods and services. Once they cut back do to skyrocketing energy prices the market will once again adjust.