VIX Ease Down From Thursday's Aggressive Spike

The S&P VIX which measures volatility in the S&P stock index spikes up by 32.18 percent from the news release Thursday of a Malaysian commercial aircraft being destroyed of of the air near Ukraine-Russia.

The volatility indexes highest point on Thursday was just shy of 40 percent, at 39.8 percent, from Wednesday's close. On Friday the VIX index decreased by 15.96 percent, tracing backed down to near a 1.3 percent increase from Wednesday close. Big moves in The Russian ETFs with the Direxion Daily Russia Bear 3X Shares

- increases by 21.70 percent.

iPath S&P 500 VIX Short Term Futures TM ETN

- down by 6.42 percent Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN

- up 7.02 percent ProShares Ultra Silver

- down 12.20 percent