1. Eurozone: It's going to get worse, a lot worse, before it gets better;
2. Mideast troubles (together with the continuing crisis in the Eurozone) will keep markets "fearful."
3. BRICs: The Party's Over;
4. USA: don't expect a rebound in the economy in 2012, but as PIMCO says, the USA has one of the least "dirty" shirts and will be able to withstand the shocks coming from the Eurozone; the election of Romney in November will set the stage for a real turnaround beginning in 2013;
5. 2012 Safe havens: UK, USA, Canada, Australia. Cash (and the equivalent) is King.
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