This is from Bill Hester at Hussman. VERY good piece and well worth your time. Some great graphs on the euro debt problems. "As we're all a bit forecast weary by this point in the year, here's a list – not of prognostications – but rather of potential risks that may come into even greater focus this year. These risks – whether they intensify or pass – will likely play an important role in driving the performance of global stock markets in 2012."