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Tiny Cyrpus is making big news as world stock markets head lower. The main story is that the taxing (or some call it confiscation) of money from Cyprus bank accounts sets a bad precedant for Europe that could lead to trouble further down the road if done in a much larger nation. 

So what do you think about the Cyprus situation:

1) Much ado about nothing? 

2) Where there is smoke, there is fire? 

3) Other? 

Share your thoughts in the comments section below. 

Zacks Releases Their 7 Best Stocks for September, 2014

These 7 were hand-picked from the list of 220 Zacks Rank #1 Strong Buys with earnings estimate revisions that are sweeping upward. Their stock prices are expected to rise sooner than the others.

Today, this Special Report is available to new Zacks.com visitors free of charge.

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Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%