When we last spoke with Jeff Kleintop in late May, I characterized the optimistic Chief Market Strategist at LPL Financial as being "a zig in a world of zags" as he talked about upside in a market that was consumed with pessimism. Today, his counter-trend style splits the economy and the recovery in two.

"Economic data is not actually pointing to recession," Kleintop says. "But if you look at sentiment indicators, they are weak; consumer and business sentiment is soft."

On this front, Kleintop has a point.

"The actual data -- things we count, actually produce - we're still seeing some pretty solid numbers there," he says, using July Durable Goods and Industrial Production reports as examples.

On the flip side, he says a sharp market sell-off following the much weaker then expected report from the Philadelphia Fed Survey released on August 18th, is a good example of the rift. Kleintop says investors mistakenly viewed the regional data as a measure of actual manufacturing production, when in fact it is about manufacturing sentiment.

Ultimately, Kleintop thinks the problem will solve itself. "Confidence will come around and connect to that data," which he says are coming in a lot better and aren't "even near recession territory."

A week ago I wrote a column entitled "Sell Today and Go Away". In it I described my reasoning for taking off my trading positions ahead of a vacation I took at the end of last week. For those keeping score at home, the S&P500 is now roughly 5% higher than it was before I made my unforced trading error. Selling off my trading longs (I didn't and don't have any shorts), became what's called a lost opportunity. My desire to chug a bottle of Hemlock is what's called trader's remorse.

Which brings us today's Purple Crayon Segment: How to Handle a Lost Trading Opportunity. There are three very basic steps:

Step 1: Kick yourself. Seriously. Here's an example straight from my internal monologue: "You are an idiot. You had money in your hand and you cast it into the wind so you could tan your bald head on some beach. Well done, meathead."

Step 2: Get over it. Or drink the Hemlock. Living in regret is for chumps.

Step 3: Get back to work with a clear mind.

That's pretty much it. I'm over the