Analyst: stocks may bounce back after early losses

By Kate Gibson NEW YORK (MarketWatch) -- U.S. stock futures on Friday pointed to opening losses in the wake of the October jobs report, which had the unemployment rate rising to 10.2% and the Labor Department tallying job losses of 190,000 during the month. "When you go above that magical 10% number, and that's what the man in the street is going to focus on, that's going to hurt confidence," said Hugh Johnson, chairman of Johnson Illington Advisors. But Johnson says stocks will likely bounce back after an early decline once positive details in the data are digested, including revisions that had less jobs lost than initially thought in August and September. "We'll be down early and then when everybody realizes it's not that bad a report it [stocks] will bounce back," he said. Futures for the Dow industrials were off 56 points at 9,898. S&P 500 futures were off 7.5 points at 1,055.70 and Nasdaq 100 futures fell 10.75 points to 1,708.50.

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• 同感，今天不会大跌 -燮- ♂ (0 bytes) () 11/06/2009 postreply 06:09:51

• 很有可能，但是WS，FED再造谣估计更难忽悠住人了 -sea934- ♂ (20 bytes) () 11/06/2009 postreply 06:12:15