Three Things You Need to Know About the Market Sell-Off

Let the speculation begin. With the Dow falling farther and faster than it ever has before, the financial media begins its search for the “reason” it happened instead of what we really need to know about. Was it the riots in Greece? Remember how just a week ago Greece’s problems were good for U.S. stocks? The prevailing reason du jour for stocks going up was investors would pull out of Europe and put their capital to work in the United States. Or was it the British elections, a “fat-fingered” trade, or China’s monetary tightening measures earlier this week? Or did a big fund made a highly-leveraged bet that Greek bonds would rebound after the bailout was announced and when they didn’t, it imploded? …