Historically stocks generally recovered fairly quickly after major conflicts in the past, with the exception of 2008, explains Jeffrey Kleintop, Chief Global Investment Strategist, Charles Schwab. He says it is important to keep a close eye daily on data of how the economy is doing in Europe. He points out that consumers in Europe are still dining out and going to movies, so there is still discretionary spending. He points to asset allocation and staying diversified during volatile times.