Unfortunately, our lovely world financial system is so precariously poised that a small pebble falling can quickly become an avalanche.

Though as they relate to market psychology, first in the other troubled nations of Europe, but secondarily for the entire world, the actions taken in Cyprus don't exactly resemble the dropping of a pebble. They're more like exploding a few sticks of dynamite on the already teetering mountaintop.

This will go down in history as a huge and pivotal economic policy blunder if it goes through.