The Greek Gods are sending the market down

Today the mighty Greek Gods Zeus, Ares and Apollo, with a wave of their hands, have sent the DOW down triple digits.

Zeus, the king of the gods, the ruler of Mount Olympus and the god of the sky and thunder, in an interview with the Stockmasters, stated that Worries about Greece continued to be the main talking point in markets, overshadowing more assurances from U.S. Federal Reserve Chairman Ben Bernanke that borrowing costs will stay at rock-bottom lows for a while yet.

"The main worry is a worsening of the sovereign debt crisis in the eurozone," said Neil Mackinnon, global macro strategist at VTB Capital.

The Greek debt crisis reclaimed its berth at the top of investors' attention late Wednesday when Standard & Poor's relayed its skepticism about Greece's ability to slash its budget deficit by four percentage points to 8.7 percent of GDP this year.

A two-notch downgrade would take S&P's rating on Greece to BBB- - the lowest level accepted by the European Central Bank as collateral for loans to banks. Moody's current rating on Greece is A2, but that looks like it could be a matter of history soon.

Bernanke even weighed into the Greek debate, telling U.S. Senators that the Fed was looking into Goldman Sachs and other Wall Street firms' use of a sophisticated investment instrument to make bets that Greece will default on its debt.

We recommend sacrificing a goat to appease the gods, at your earliest convenience.