Europe's on the mend. It's the U.S. with the fiscal issues now. Stocks across the pond barely flinch at the large sell off in the States, the Stoxx 50 closing -0.3%, with Italy the outlier on the upside, +0.4%. The euro -0.8% to $1.3166. The iShares MSCI Europe ETF (VGK) is up 16.4% YTD, nearly 400 basis points better than the SPY.