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thetrader's picture

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Ned Zeppelin's picture

"An unexpected jump in weekly U.S. jobless claims and a surprise fall in existing home sales sparked more fears of a recession and sent U.S. stocks to their worst levels since the S&P downgrade."

Unexpected by whom? A surpriise fall in homes sales? Are we smoking something. Neither were surprises, just more of the same.  the moving averages on these data points hardly fluctuates, and there is no driver evident to cause them to move.  Deleveraging. Deflation.  You can fight it, but it just pops up elsewhere.  Let the markets take their course. It is inevitable.