joining us to explain what this means, stu schweitzer, global market strategist at j.p. morgan private bank. hi, stu. >> hey, susie. >> so what was the fear that spooked the markets the most? was it this surprise number on jobs or was it the debt crisis in europe? >> i think it was both jobs and the debt crisis, the european debt crisis, but let me make what i think is an important distinction on the job front. because there were two-bits of news today on jobs. one was the white house saying that there was going to be a big downward revision to the job count coming out with tomorrow's report. but that is pretty widely known in the markets. and the unemployment rate already reflects all the damage that we've had to jobs. it's terrible at 10% plus. the other news that came out on jobs, though, was the latest weekly figure on unemployment insurance claims which did move up unexpectedly. and they had been in a downtrend and now they're up something like 10% above where they were at their low just several weeks ago. and so that is the big concern. >> that was a concern. and wh