"Today's back and forth in the market has do with whether this sets a precedent for other bailouts, or is a one-off, " said Wasif Latif, vice president of equity investments at USAA Investments in San Antonio.

WSJ: Stocks Fall Globally as Investors Worry What's Next in Euro Zone

There is -- not specifically with this office, but there is precedent for extending term-limited appointments on other offices.

WHITEHOUSE: Press Briefing

This precedent should be followed with respect to New START, as well.

CENTERFORSECURITYPOLICY: Washington, DC��

The judge said setting this precedent would clog the court system with charges for every player who threw an elbow under a basket or anyone who ever threw a punch on an ice rink.

FORBES: Should Youths Committing Excessive Violence in Sports Be Arrested?

"Consistent with long-standing precedent, the Chancellor has taken this as a request to be appointed the Steward and Bailiff of the Manor of Northstead and granted the office, " he added.

BBC: John Bercow says Gerry Adams is not an MP

"If there is some special circumstance that permits this, authorities must share this with the public as they are setting a bad precedent, " the women's branch of South Africa's ruling party said in a statement.

CNN: What's life like in a South African prison?

With this supply squeeze in mind, the drop in exports caused by a spike in domestic demand during the Russian cold snap earlier this year may be a more worrying precedent than the political spat with Ukraine.

ECONOMIST: Russian gas and Europe

"The precedent set with the Seven case will replay itself with anybody else who chooses to see this through litigation, " warns Visto Chief Brian Bogosian.

FORBES: Patent Pirates