With 15 minutes remaining in the trading session, the CBOE Volatility Index (.VIX) is down .91 to 18.16, as risk perceptions fell along with crude oil prices. Crude is off $4.28 to $126.75 a barrel despite today’s US stockpile report that showed a much bigger than expected draw of 8.8 million barrel. The reaction in the energy markets might suggest that the recent run higher in crude is a bit overdone. The tone of the market is clearly less bullish. Meanwhile, in equities, the financials led early rally after first quarter GDP numbers showed the economy growing at a .9 percent annual rate, which was revised higher from the intial .6 percent reading. Bonds took the news hard and the yield on the benchmark ten-year Treasury bond is back above 4.1 percent, and its highest levels of 2008. The buck rallied (1.55 vs euro), and gold sold off (down $24.50 to $876 an ounce). Fear is falling.