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 I was a bit surprised when news reports surfaced and blamed the problems in Cyprus for the current sell off in global markets.  First let's put Cyprus in some perspective.  It has a population of about 800-900,000.  Its annual GDP is about US$23bn - about the same as the market capitalisation of Keppel Corporation.  If you look at the sovereign bond yields of the EU countries - they are hardly changed although Greek 10 year soverign debt is now paying 10-11% yield but this used be to close to 30% when the EU debt crisis was at its peak.  So dont be distracted by the problems in Cyprus and dont panic.

If you attended my talk at the Lim & Tan seminar last week - the key messages I made about stock markets are: