Hungary is about to hit the skids. If Hungary falls a game of dominoes probably ensues. This leads to the question will Hungary get bailed out or will they let the dominoes fall? In all likelihood Hungary gets bailed out but is this really a game you want to bet all your marbles on?
The fact is that there is too much debt in the World at every level. So far it has been a giant game of pretend and extend. One day the game will come to an end. If stocks were cheap based on the Hussman method I would be much more inclined to play but for now I'm playing at the $2 tables.