Geithner stays; stock markets fall

I find it curious after disturbing the world community and financial districts with un-punished U.S. bankers, and after the world community has witnessed the recent disastrous debt ceiling saga and after Tim Geithner announces his intentions to stay on in the Obama administration as Treasury Secretary, the Stock Markets are saying, “Oy! Enough already!”
As always,
BB

Economic Pessimism Sends Stock Markets Tumbling
by Eyder Peralta
Excerpt:
For the rest of the day, expect some wild swings. Dow Jones Newswires reports that the markets were "primed for another volatile session."

And
Update at 12:40 p.m. ET. The European Debt Crisis:
Another piece of news that's having a tough effect on the markets is that today European Commission president Jose Manuel Barroso warned that the debt woes that have plagued Greece, Ireland and Portugal might be spreading to Italy and Spain.
Read more at:
http://www.npr.org/blogs/thetwo-way/2011/08/04/138986370/economic-pessimism-sends-stock-markets-tumbling