Mr. Sharansky, the former Soviet dissident, created a new political party, which won a large bloc of Knesset seats by arguing that only through free-market reform can Israel improve the situation of new immigrants and attract large numbers of additional immigrants.

CENTERFORSECURITYPOLICY: About as Radical as The Reaganites

Meanwhile, although other global markets have reacted quite negatively to the situation, the U.S. market hit a new bull market high just three weeks ago, and although more volatile since, is down only 6% from that high.

FORBES: Markets Pass Through Eye Of The Storm