BALTIMORE ( Stockpickr) -- Something doesn't make sense here: U.S.-listed stocks have been more affected by Spanish yields this summer than they have been by their own financial performance. That should be reason enough for investors to flee from eurozone exposure. But there's a double whammy working against investors in 2012.
The other half is our own U.S. dollar, which has been on the rise as drama in Europe sends investors fleeing for the relative safety of the world's reserve currency. And as a result, any U.S. company that has exposure abroad is getting shellacked by earning revenues in euros, for instance, and then converting them into dollars later on for financial reporting purposes.
How bad is it?
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