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Options Trading News

October 25, 2012  Thu 8:15 AM CT

EFA: SEE CHART GET CHAIN FIND STRATEGIES
Worries over the fiscal cliff are being brought up left and right on conference calls, but it's beginning to sound more like a message to Washington than anything that rings true about customers.

To me, the common theme is those who have screwed up is Europe, load and loads of Europe, not worries over the fiscal cliff.

TheStreet.com logoWe are beginning to get lots of positive anecdotes from companies that work in Asia--signs that things are getting warmer there. But there has been nothing good out of Europe, not a single peep, so diversified companies keep falling on their European swords.

The U.S. election rhetoric is so thick that it is obscuring the truth--whether it's coal exports or tools or housing materials or tech or even health care--and Europe is crushing the hopes of many forward-looking companies that moved there to take advantage of its 500-million-strong market.

So you can listen to the fiscal cliff woes that await us, but remember that Europe is destroying many a bottom-line right now, and I don't see any reason that should get better in the near future.
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