The stock market and the Greek fiasco

What does it take to stop a stock market recovery? Easy: One Mediterranean country in its usual shambles.
Why any investors should have been surprised by the paper tiger Greek economy swirling around the drain is unfathomable. What’s even less understandable is that computer-triggered selling on the far side of the Atlantic should have such primacy that limited runs in the wake of the fiasco could trigger a thousand-point plunge.
Even now the SEC is trying to research why the drop was as fast and far as it was. Because no one knows. Think about that – the SEC doesn’t know how this happened. That inspires confidence, yes?
Who thought computer-aided panic sales were a good idea? Does no one recall anything about previous stock crashes – fear feeding on fear to exacerbate economic woes into actual damage beyond the borders of the country that lent too easily, spent too much and then fiddled the books?
Ah well. It wouldn’t be a normal month without some nation in a meltdown and the rest of the world staggering about cluelessly.

FOLLOWUP: Oh well, lookit the jeeniuzes Christ on a crutch.