Cyprus Bank Issues--3/20/2013

Over the weekend, news came out about the banking crisis and solvency issues in regards to the island nation of Cyprus.  Futures were down significantly and market volatility shot up.  Although I do believe this highlights the issues regarding the Euro-zone and their banking problems, I do not think that a country of Cyprus' size can derail the underlying budding optimism within the markets.  

Of course, this needs to be monitored and opinions needs to be adjusted when new information becomes available.  But, as of right now, I am not of the mindset that this will change the market's overall mood.