Trading the Europe Slide

To be fair, nobody expected great numbers out of Europe overnight. In fact, for the three biggest European Monetary Union economies, a contraction was expected in the gross domestic product. What wasn't anticipated was the parade of weak data that emerged that showed European economies dissolving at a faster-than-expected pace in the fourth quarter.

If French President François Hollande is as concerned about the strong euro as he claims to be, he has less to fear now. Quarter over quarter, French GDP fell 0.3%, and German GDP contracted by 0.6%. Today's soft numbers rapidly brought the currency to its lowest point since Jan. 24 as it became apparent that nearly everyone had overestimated European growth. The plunge was exacerbated by word that Standard & Poor's may issue downgrades of France, Spain, Italy and Portugal later this year....483 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.